In case you missed this guy on Bloomberg a few weeks back, here's the gist of what he said. No wonder the average investor has not chance in the market. (I'll try to find the actual broadcast, and add it in next frame)
No wonder the market is booming. Here's the actual broadcast on Bloomberg. (Maybe all of you knew about this, but it was staggering news to me.)
Thanks for the post!
Now, that is an eye-opener, and precisely why the price of membership at CM is worth every penny, and more. . . Thank you, Ben!
John Mauldin was just writing about high frequency program trading in a piece I read on the Safe Haven website. He's usually a pretty even-tempered guy, but this has him furious. He also includes a link to the Themis Trading white paper.
Joe Saluzzi is fantastic, he's always worth watching when he's on TV (he was on Bloomberg the other evening following Goldman's results and had some great comments). There are various appearances on YouTube.
Now, that is an eye-opener <snip>
Unless of course you are a congress preson that can totally turn a blind eye to this.
( With a very few exceptions like Ron Paul, Alan Greyson and few others)
Didn`t we already have the problem in new york and london 10+ years ago when they first started using computers in the financial markets in a big way?
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