you already know that approx 41% of the markets float is owned by Pension/retirement funds? And you know that approximately 34 % of the markets float is owned by mutual funds? So, 75% of the markets float is claimed by the above categories of owners....Those shares are not participating in the daily market by some % above 90%.
This leaves only 25% of the markets gross float, as random ownership spread across the combined ownership of all individual Investors, hedge Funds,traders, and insiders.
Adam Smith would say that ownership itself, represents the invisible hands, of weighing valuation, and is therefore living proof of Action at a distance.
And yet here we are, yesterday, the number of companies trading dropped to a new decade low of 3,250 against a volume that must be characterized as primarily systemic.
When volume declines like it has now, the Program that was designed to arbitrate price in conduct of its operations, bumps up against its own accumulated inertia, and the systems own design limitations, for ruling out the sentiment of Actual owners of any given stock, disconnected supply and demand begins to assert itself.
In designing out, what Adam Smith called invisible hands, which functions under the laws of supply and demand, the omission of the combined feedback; of those combined interests, leads a prevailing program; to where it is sacked by its own inertia.
there fore, System designers are left with their flawed programs goals, as set forth in the practical awareness for undertaking the program in the first place;
"Being aware of the danger of allowing action at a distance into a design, and being able to recognize the presence of action at a distance, is useful in developing programs that are correct, reliable and maintainable."
Why be surprised, when Logic interdicts on behalf of reality, exposing a systems critical design flaws, as its missing information. |
