HOUSE_OVERSIGHT_012096.jpg
2.67 MB
Extraction Summary
2
People
8
Organizations
4
Locations
3
Events
0
Relationships
3
Quotes
Document Information
Type:
Financial newsletter / market review (house oversight committee production)
File Size:
2.67 MB
Summary
This document is page 2 of a 'Monthly Market Review' dated November 2017, marked with the Bates stamp HOUSE_OVERSIGHT_012096, indicating it is part of a document production to the House Oversight Committee (likely related to banking/Epstein investigations). The text contrasts historical trading (focused on Jesse Livermore) with modern 'Rise of the Machines' algorithmic trading, warning of potential market volatility due to investor complacency and automated strategies. It does not mention Epstein or his associates directly but appears to be a general financial briefing included in a larger file.
People (2)
| Name | Role | Context |
|---|---|---|
| Jesse Lauriston Livermore | Historical Trader |
Subject of a historical anecdote about stock trading, known as 'The Great Bear of Wall Street'.
|
| Thomas Edison | Inventor |
Mentioned for upgrading the stock ticker system.
|
Organizations (8)
| Name | Type | Context |
|---|---|---|
| Dutch East India Company |
Founded the Amsterdam Stock Exchange.
|
|
| Amsterdam Stock Exchange |
World's oldest stock exchange.
|
|
| Paine Webber |
Boston office where Jesse Livermore worked.
|
|
| Chicago Board of Trade |
Suspended Livermore's membership after bankruptcy.
|
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| Sherry-Netherland Hotel |
Location of Livermore's suicide.
|
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| Forbes |
Media outlet that featured a quant fund.
|
|
| The Fed |
Federal Reserve; mentioned in relation to market tightening.
|
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| House Oversight Committee |
Implied by the bates stamp 'HOUSE_OVERSIGHT_012096'.
|
Key Quotes (3)
"The combination of elevated investor complacency and a tightening Fed makes the market vulnerable to a pullback."Source
HOUSE_OVERSIGHT_012096.jpg
Quote #1
"Big data and machine learning are the new buzz words."Source
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Quote #2
"Given that many funds employ similar strategies (e.g., trend following), a reversal in trend could create disruptive market movements, not to mention the threat of rogue algorithms wreaking havoc on the market."Source
HOUSE_OVERSIGHT_012096.jpg
Quote #3
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