PEW SHOCK POLL: Romney 49% Obama 45%

• PEW SHOCK: Romney 49% Obama 45%
• GALLUP: 5 POINT ROMNEY BOUNCE
• Politico: 12 Point Gain for Mitt Since Debate
• POLL: Romney leads among independents 51-35
• MILITARY TIMES POLL: Romney 66% Obama 26%
• Battleground Poll: Romney Up 16 with Independents, Up 13 In Enthusiasm
• Romney's 52-Point Debate Victory Largest In History Of Gallup Polls
• Obama apologizes to Hollywood for debate debacle
• Obama Tells Hollywood: I Can't 'Perform Flawlessly, Night After Night'

Comments

[DailyBail]

Jim Lehrer Defends Debate Moderating, But Doesn't Plan To Return In 2016

http://www.huffingtonpost.com/2012/10/05/jim-lehrer-defends-debate_n_1943423.html?ref=topbar

[SKINFLINT]

Well thank goodness. Perhaps they can get a fresh fossil in there. Maybe Diane Rheem. That would be totally merciless.

[SKINFLINT]

http://www.cnbc.com/id/49333454 Total BS.

[DailyBail]

What part of the CNBC link did you find objectionable, Skin.

The following does happen with frequency. Algo groups try to screw with each other.

Snip:

Translation: the ultimate goal of many of these programs is to gum up the system so it slows down the quote feed to others and allows the computer traders (with their co-located servers at the exchanges) to gain a money-making arbitrage opportunity.

[SKINFLINT]

Isn't this gaming the system? I mean you get some guys slowing down the whole process while at the same time trying to cheat the system to gain price advantage. If you or I were to do this would that not be criminal and could we be arrested for this?

[DailyBail]

I got ya. I thought you were saying that the article was BS. Yes, you are correct. I have no idea what the rules are regarding criminality, but I can tell you that fake bids/offers have been going on for at least 2 decades. Market Makers have always used them to control pricing while they are dumping or accumulating. Now, it's happening on a faster scale with HFT for sure, but the idea behind it, using fake orders to influence price, has been around for awhile.

As a trader it can be very frustrating to navigate. But it doesn't affect prices in the long term. Still, compared to the old days of 50-cent bid/ask spreads on $15 nazdaq stocks, the frustration is worth it. Now, spreads are in the pennies and that's a good thing. Manipulation, bad. Thin spreads, very good.