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Daryl Montgomery  

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  • Is the Stock Market Rolling Over? [View article]
    Yes, and they will do so until hyperinflation becomes inevitable.
    May 8, 2010. 09:32 AM | Likes Like |Link to Comment
  • Is the Stock Market Rolling Over? [View article]
    I completely agree.
    May 8, 2010. 09:20 AM | Likes Like |Link to Comment
  • Is the Stock Market Rolling Over? [View article]
    Spot on comment. Thanks for reinforcing my message!
    May 8, 2010. 09:18 AM | Likes Like |Link to Comment
  • Debating the Decision to Cancel Trades [View article]
    Thanks for all the work you have been doing to help explain the crash. This is a real service to the independent investor. The article would be even better though, if you explained your terms and filled in the details of the eletronic trading systems we are dealing with. I doubt if any mainstream media financial reporter (many of whom were journalism or even English majors) would understand what you have written.
    May 8, 2010. 08:37 AM | 2 Likes Like |Link to Comment
  • Increase of 550,000 Household Jobs, Highest Since 2007 [View article]
    The census is hiring 1.2 million workers, twice as many as for the 2000 census, and this is what is causing a huge increase in temporary employment. The government is putting much of that in the Business and Professional category. As for the other numbers, the birth-death model and seasonal adjustments are goosing them. I have explained this in detail in my Seeking Alpha article:

    seekingalpha.com/artic....

    Daryl Montgomery
    May 7, 2010. 10:36 PM | 2 Likes Like |Link to Comment
  • Employment Report Looks Good, But Not Great [View article]
    I agree that it is much ado about nothing, although I explained it somewhat differently in my article on Seeking Alpha: seekingalpha.com/artic...
    May 7, 2010. 08:29 PM | 1 Like Like |Link to Comment
  • Why Thursday's Market Crash Was Caused By Computer Failure or Errant Trades [View article]
    You have raised some interesting points about a potential mechanism for the crash behavior and why it might be covered up by the Exchanges. I was not dealing with specifics in my articles, computer related includes a broad range of activities. Software and hardware failure are two of the possibilities. As you well know, bad software can magnify human stupidity millions of times over. As an example, program trading and its role in the 1987 crash. By your definition, there was no software problem because the software operated as intended. By my definition, there was a major problem because the thinking behind the software was flawed.
    May 7, 2010. 03:01 PM | Likes Like |Link to Comment
  • Why Thursday's Market Crash Was Caused By Computer Failure or Errant Trades [View article]
    Your conclusions are highly unlikely and don't match the events that took place. If there was a massive dumping of stock that was meant to be sold, the Dow would not have gapped up 500 points a moment after the sale was done. If a mistake had been made and it was quickly reverersed, this is what would occur. Futhermore, if it was a sovereign wealth fund as you imagine, why do you think they wouldn't have notified the PPT and arranged to do this quitetly behind the scenes, instead of alerting the world to what was going on? The sovereign wealth fund would lose doubly from taking the approach you suggested.
    May 7, 2010. 02:51 PM | 3 Likes Like |Link to Comment
  • Why Thursday's Market Crash Was Caused By Computer Failure or Errant Trades [View article]
    If you were reading my articles, you would note that I have been warning of a potential market crash for several days before it happened.

    Instead of following your greatest traders of all time, why not just read Seeking Alpha? It's a more practical approach.
    May 7, 2010. 02:24 PM | 1 Like Like |Link to Comment
  • Yesterday Was a Run on the Shadow Liquidity System [View article]
    There was without question some computer problem in Thursday's trading (for reference, I am a former professor of computer science and an independent trader for a number of years). However, this probably began with human error.

    I posted an article about what happened after the close: seekingalpha.com/artic....
    May 7, 2010. 02:19 PM | 3 Likes Like |Link to Comment
  • The Market Plunge and Liquidity in the Start-Up Business [View article]
    There was without question some computer problem in Thursday's trading (for reference, I am a former professor of computer science and and an independent trader for a number of years). However, this probably began with human error.

    I posted an article about what happened after the close: seekingalpha.com/artic....
    May 7, 2010. 02:13 PM | Likes Like |Link to Comment
  • The Dying Toxic Asset [View article]
    Thanks for a great article John.

    How much of these bonds have been moved onto the Fed's balance sheet from the Wall Street firms?
    Apr 26, 2010. 04:15 PM | 3 Likes Like |Link to Comment
  • Federal Debt Crisis in the U.S.? Nothing to Worry About [View article]
    What if we compare the current U.S. federal debt situation to something in nature. Let's say there has been a drought for many years, but so far there is enough water for basic day to day functioning and it looks like there will be enough left for a long time. However, as the water supply dwindles everything is getting dryer and dryer and dryer. Then someone throws a lit match. While there is enough water for ordinary purposes, there's not enough to put out a major fire and everything burns down in a major conflagration.

    How long were the current problems in Greece officially acknowledged? They've been building up for years, but the crisis began only six months ago and seemed to appear out of nowhere. You could have done your analysis for Greece in September 2008 and showed very convincingly that the country was in great shape. Only a month later, events would have proven you wrong. It will be no different in the U.S. Major problems will appear suddenly here as well.
    Apr 25, 2010. 11:10 PM | 6 Likes Like |Link to Comment
  • Federal Debt Crisis in the U.S.? Nothing to Worry About [View article]
    As someone who publishes on Seeking Alpha every market day and who constantly tries to expose the various and sundry money printing scams of the U.S. government, I rather resent your comment that all Seeking Alpha pundits buy into the official version of the government- big banks-borrowing relationship. I would also like to point out that many other bloggers on this site disagree about 100% with the author of this article.
    Apr 25, 2010. 10:46 PM | 9 Likes Like |Link to Comment
  • Why Our Society Needs Real Journalists [View article]
    The bias in this article is truly unbelievable. You cite one example of a newspaper cooperating with the government to surpress a story and you think that's great (some may think it was a form of collusion to keep the truth from the public). For every example like this, how many Bernie Madoff stories were not reported by mainstream news organization - more than one sat on this story for years and it cost thousands of investors a lot of money. What about the recent CFTC hearings on manipulation in the metals markets - not one mainstream news organization covered it. How many more corruption cover ups does the mainstream press engage in on an ongoing basis? The only place a lot of truths are found is in the blogosphere. You claim that a lot of blogs are irresponsible and sensational. What about Star Magazine and the National Enquirer? They look like newspapers to me. Yeah, the newspaper industry is a place filled with heroes and shining examples of journalism all right. Maybe the public is sick of getting half truths and managed news and that's why blogs are becoming more popular and newspapers are shutting down.
    Apr 12, 2010. 10:07 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
193 Comments
359 Likes