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Non-Tech : Kirk's Market Thoughts
COHR 185.83+5.8%Dec 19 9:30 AM EST

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Gottfried
To: Return to Sender who wrote (3841)2/15/2016 9:47:28 PM
From: Kirk ©2 Recommendations   of 26800
 
One last point. This isn't true.
It's not that simple. No one hedge fund has enough money to move the entire market.
If you can move a single stock, then you are moving the market. They move it "just enough."

I understand the math for "why" but I lack the ability to explain BUT I'm 100% convinced what the HF traders are doing is "moving the market" just enough to steal trillions from individual investors.... It is very similar to harnessing the ocean waves to generate energy from the waves and eventually knocking the waves down some.

If I could have a cup of coffee with Mark Cuban, I believe I could explain it to him. Perhaps Bill Clinton would understand too (Clinton's smarter than me but I believe a different skill set.) Solving it would be simple too... The stock market should not be a race or a fleecing ground for those who know how to steal value from long term investors get rich doing so.

Simple solutions would be a 100ms randomized delay before all buy and sell orders. Another would be a return to a larger bid/ask spread or a simple transaction tax that would be a dime for most of us mere mortals but kill the advantages of HF trading.
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