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Pre-Glitch – Nomura's Bob Janjuah: Considerable Risk Of Mini Crash

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Mark Melin
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As the New York Stock Exchange experiences a technical glitch, and a simultaneous outage has shuttered United Airlines and the Wall Street Journal web site experienced outages in reportedly unrelated incidents, Nomura’s Bob Janjuah has issued (well to be precise he issued this note BEFORE the latest 'glitches') a calm and studied risk management proclamation: “Anything can happen in the short term” and “I think a considerable risk is building of some form of mini crash.”

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.