So, uh, 5 years later we find that the SEC was only kidding about that whole Waddell & Reed farce, and that this time it actually has the right perpetrator. Or is it simply that one can't arrest an algo or a vacuum tube.

In any event, the market is now unrigged and unmanipulated dear retail investors, and the water is warm. Pretty please, because the banks, HFTs and hedge funds are desperate to sell some of the trillions in stock they have bought on the way up and without you there is nobody to sell to.

In other news, Jon Corzine's Vapor Capital Mismanagement has broken off its merger with Nav Sarao Futures Limited PLC.

Also please ignore the "fact" that we now trade in a world in which one (1) person can break the entire market.