Thursday, September 6, 2012

Tyler Durden Is The Thomas Pynchon Of Finance

From Zero Hedge: "Considering that Knight's near death experience in the beginning of August resulted in stock volumes dropping to decade lows in the month, all that remains is for Instinet to go dark next, which it most certainly will once the group no longer generates any profits as the race to the margin bottom among agency brokers begins in earnest, which in turn will make the already broken equity market completely uninhabitable and a trading venue merely for Bernanke and his ilk, whereby the Princeton professor does all in his power to push the mark to myth value of America's very much insolvent pensions and retirement accounts into the stratosphere to perpetuate for at least a few more years the illusion that America's welfare state is not totally and utterly broke."