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AP Twitter Hack Reveals Just How Broken Our Markets Really Are

A brief glimpse of the future
Tuesday, April 23, 2013, 3:16 PM

Two themes that we've been consistently stressing over the past several years were beautifully illustrated today, courtesy of a hacked AP Twitter feed.

They are:

  • Our markets are broken (courtesy of High Frequency Trading, or HFT, computers), and
  • When things finally shift, they will do so at a speed that will shock us.

But first, the hacked AP Twitter feed... » Read more