Cheesehead
Recycles dryer sheets
Could someone please explain how you can trust the market, even if just in index funds, with the problem of high speed trading taking over? Please read today's Chicago Tribune article and tell me how we can trust it:
MarksJarvis: High-frequency trading could lead to another crash - chicagotribune.com
Those who promote the market for growth, and use the past for modeling, as this article states: This is not your parents' or grandparents' market. So, how if there was no high speed trading in the past, how can you model your portfolio and AA going forward?
And as an aside, the last two years I worked the Futures and Options Assoc. Show in Chicago as a vendor. On my breaks I would walk the aisles of the trade show (I like freebies) and was astounded as to how it was all about ALGORITHMS! Huh? I learned that it's all run by Quants who I believe are graduate school math wizards recruited by these high speed trading companies.
So someone who KNOWS, please explain to me why I should be in the market if it is no longer the market we grew up on, and don't quote the past to me.
Thank you
MarksJarvis: High-frequency trading could lead to another crash - chicagotribune.com
Those who promote the market for growth, and use the past for modeling, as this article states: This is not your parents' or grandparents' market. So, how if there was no high speed trading in the past, how can you model your portfolio and AA going forward?
And as an aside, the last two years I worked the Futures and Options Assoc. Show in Chicago as a vendor. On my breaks I would walk the aisles of the trade show (I like freebies) and was astounded as to how it was all about ALGORITHMS! Huh? I learned that it's all run by Quants who I believe are graduate school math wizards recruited by these high speed trading companies.
So someone who KNOWS, please explain to me why I should be in the market if it is no longer the market we grew up on, and don't quote the past to me.
Thank you
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