First of all let me apologize for my morning note yesterday; it did hit 864 on the BIX (bitter index). For reference please note that Joe’s morning notes routinely register at a BIX of 900 or greater, but I digress.
The theme for our morning discussion comes to all of you courtesy of our friend, Kevin Olsen. Let’s dive right in, then, shall we? And by the way, I do realize we like to talk about HFT and introduce analogies to insects like locusts, etc., but trust me, it is applicable
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