Waddell Trade Sparked FlashCrash, Gensler Says

Testimony from Commodity Futures Trading Commission chair Gary Gensler suggests that the mystery plunge that vaporized $1 trillion may have started with a Waddell & Reed Financial e-mini trade.

It was a hedging transaction. Guess the rest of the world took the other end after other bigger firms jumped on the selling bandwagon.

Source: Blogging Stocks

Wish List: 518 Foot Yacht Costs under $700,000

That's $700,000 per foot of course, which buys you a Pavel Shaposhnikov Residential Mega Yacht.

The yacht was designed to remind us of God, by the way.

Source: yachtbroker.com

Afraid to Trade Not Afraid of Sell off Graphs

They say a picture is worth a thousand words. When it comes to graphs, well, that depends on your point of view.

Source: Afraid to Trade

Hawaii's Slaughterhouse Point Offers the Finest

This unique home looks like part of Starfleet Academy.

Source: WSJ Magazine

Tech Trader Daily: Blockbuster Says It Will Live

Blockbuster's CEO said in a regulatory filing that its operating environment is challenging. That's like being buried alive and saying your oxygen environment is challenging.

Source: Tech Trader Daily

How to Rent a Celebrity's Luxe Villa

You can rent villas that belong to the likes of Mick Jagger, Christine Brinkley, and Richard Branson--but it will cost you.

Source: Luxury Living

CPDO Blamed for FlashCrash, C-3PO Exonerated

Was CPDO trading behind the NYSE implosion? First you need to figure out what a CPDO is.

Source: Options Daily

The Fly on Wall Street: Zero Hedging Is for Zeroes

The canny trader, who says he has a time machine and knows how to use it, says "zero hedging" is for fish head munchers.

P.S. The end is near.

Source: iBankCoin

Naked Goldman Employees a Problem, Dealbreaker Says

Goldman Sachs employees enjoy many workplace perks, but some are disturbed by naked coworkers splayed out naked in the company steam room.

Source: Dealbreaker

Robb Report: Mercedes Electric Gull Wing on the Way

The electric gullwing will do 0-60 in four seconds. If you have to ask the price . . . .


Source: Robb Report

Garden & Gun: Ed Bradley on Alleged Forger

William Toye, who lives in a New Orleans house with its own cat cemetery, says he hasn't forged copies of paintings by Clementine Hunter, but the FBI thinks otherwise. Toye's claim that he can paint a spot on Monet replica is the least strange of his beliefs.

Source: Garden & Gun

Drink a Scotch That's Older Than John Edwards--and Smarter

Macallan Scotch, ever popular in its sub-20 year concoctions, is also available in a 57-year old version.

Ensconced in a Lalique container, the hoary single malt will cost you around $15,000--if any of the 400 limited editions are still available.


Source: Luxury Insider