polifrog
This past Thursday the DOW fell by around 1000 points within minutes. There is still no explanation as to what precipitated it, but once started there was a downdraft created as the automated trips of machine selling took over.
Where were the people?
According to Nathan A Martin, The Markets are Dead ...
Humph.
out
This past Thursday the DOW fell by around 1000 points within minutes. There is still no explanation as to what precipitated it, but once started there was a downdraft created as the automated trips of machine selling took over.
Where were the people?
According to Nathan A Martin, The Markets are Dead ...
The convulsions of the past week are simply after death reflexes. Thursday’s rout occurred when the selling volume triggered a stop in high frequency traders’ machines – there were no bids left and the market simply disappeared in a flash. What does this tell you? That the only participants in the market were the high frequency machines – they have displaced real people almost entirely.
Humph.
out
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