Michigan Consumer Confidence

Leaked? Who knows for sure, there were obviously a couple of leaks when we see the GOOG/BAC earnings which GOOG was for sure leaked. In any case, that's not the point, Michigan Consumer confidence, despite contradictory findings from Gallup, came in better then expected. So I want to show you the machines at work.

As some of you may know, I have a cousin in Atlanta that works as a tech for all of their computer related systems. He told me of the millions they spent setting up various hubs (something I don't really understand) to reduce their latency by a few milliseconds. It's a technology arms race for these computer driven algo systems.

Mich. Consumer Confidence came out at 10:00 a.m., look at the ramp at precisely 10 a.m.-this is computer driven trade.

The SPY was lifted nearly a 1/4 of a percent in a minute on heavy volume. This is one reason day traders are nearly extinct, they can't afford the speed and execution. A T1 line might as well be the equivalent of a dial up connection to the internet.