Consumer confidence erodes even further

Although this is a few weeks old, John Mauldin gives a good overview of the LIBOR scandal situation.  This is just another example of confidence draining events that give retail and individual investors no good reason to put their capital to use in the markets.

On another note this week, there was a major computer glitch at Knight Capital that "severely impacted" its capital base.  What does this mean?  Knight almost ran out of money and was not able to process orders from big brokers such as TD Ameritrade, Fidelity, and others.  This trading glitch cost it a reported $440M

Mauldin piece here

Knight Trading piece here

Full disclosure DWCM uses TD Ameritrade as its Broker/Custodian