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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (87805)	10/19/2007 11:29:07 PM
From: RWS	Read Replies (1) \| Respond to of 110194

Programs were buying. Now they're broke. RWS

To: bart13 who wrote (87805)	10/20/2007 9:24:27 AM
From: Bituman	Respond to of 110194

Now the bag is firmly in the hands of J6P, let the descent begin

To: bart13 who wrote (87805)	10/20/2007 9:50:01 AM
From: Arran Yuan	Read Replies (1) \| Respond to of 110194

Bart, Thank you very much for sharing! Does it mean the blackbox has done its cash out and is standing by watching at the pot as a vulture? Best Arran P.S.: Know your nowandfutre for quite sometime, great work!

To: bart13 who wrote (87805)	10/20/2007 9:08:25 PM
From: Joe Stocks	Read Replies (1) \| Respond to of 110194

Program trading number for the last couple of weeks is puzzling. A week ago or so I posted here where 'public participation' (I refered to it as retail) volume for September was way down from last year. The last two weeks, since October 1st, retail volume is up and program trading is down. That doesn't seem right Something had to have changed in the way they calculate program trading. The main reason I say that is that program trading for basically ALL firms is suddenly down. When I look at the program trading numbers each week I look at how the top six compare with the others (others being all the other firms reporting program trades). If you look at the volume of the top six you will see that volume starts to drop off strongly after on the others. Last week the top six saw program trading drop 22% from the last week in September. All the others reporting showed total program trading volume down 21.4%. The lesser active firms cut back as much as the big program trading firms. That seems odd to me that slowdown activity was nearly equal on average between the two groups. What is also strange is retail volume spiked 25% at the same time. In addition. program trading was dowm across the board as the firms reporting as principle, agency, and customer facilitation. In my opinion, something isn't right. I have been watching the weekly program stats for years. A change in behavior of this magnitude so quickly doesn't add up. Reported program trades are trades of 15 or more stocks worth over $1 million. Maybe a new program is in place that can split the programs into smaller non-reportable trades. Who knows?

To: bart13 who wrote (87805)	10/21/2007 6:25:00 PM
From: TH	Respond to of 110194

bart, The most terrifying post I've seen on SI in months. The circle is now complete. I see carp loaded over the bow and clubbed to death. GT TH

To: bart13 who wrote (87805)	10/22/2007 1:35:54 PM
From: forceOfHabit	Read Replies (1) \| Respond to of 110194

bart, Interesting graph (showing public trading volume way up). The unprecedented (? at least in the 7 or so years of data in your graph)) magnitude of the rise makes me suspect that something has changed in the way they report/collect the data, or the way they assign the data to different groups. I can't see any other reason why there would be such a huge shift...maybe one of those double counting things where they count both the buy and the sell side of a single trade? habit