Industry-owned regulators have done nothing to fix the last two flash crashes, visible below; only a dunce assumes that the big one isn't coming. Every source of liquidity has been systematically depleted...
THIS Friday is the long awaited BATS HFT IPO redux. Their first attempt at IPO ended up at $0. Shit happens. Now they're going to try it all over again in the worst IPO market since 2009, and second worst IPO market ever. What could go wrong?
IPOScoop.com:
"Once in a blue moon, an IPO gets priced, trades and is canceled. When this happens, all trades are canceled because money does not change hands until the settlement date a few days later. The last time this happened was the BATS IPO in March 2012."
In other words, the only time this actually happened in years, was to an HFT operator...
The Russell 2000 small cap index is weaker than 2008. Perfect timing...
IPO Mutual Fund:
The last big IPO was Ferrari:
