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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

4:00 PM EST

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To: TobagoJack who wrote (63405)	5/6/2010 10:39:19 PM
From: carranza2	7 Recommendations Read Replies (3) of 217759

The more complex the system, it seems it is more subject to so-called 'glitches.' I have no great difficulty believing a mis-executed trade was the immediate cause of the precipitous drop, i.e., the one that took the Dow down 1000 pts. It is not the drop but what it says about the system that matters. There was no liquidity, no one buying bargains. The machines were shaking hands with each other, not trading. Humans were not at the helm. The result was predictable. The ahes at GS and every other outfit that does HF trading are responsible for this but, as usual, are bailed out by the nulling of losses. The result: no hard lesson learned, no responsibility, just another day at the X-box. Could these people possibly be as stupid as they are smart? I think they have shown so. We are screwed.

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