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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Eurobum1 who wrote (6495)	4/29/2001 12:41:44 PM
From: Challo Jeregy	Respond to of 52237

The attitude will serve it well in the tumultuous decade ahead. DECADE!!!!!!?? Chit!

To: Eurobum1 who wrote (6495)	4/29/2001 1:10:16 PM
From: Lee Lichterman III	Respond to of 52237

Thanks for the article, very interesting. I have always thought that sometime in teh future, we will all be out of watching every tick of the market and will instead just be tweaking our computers to get ready for the next day of trading. I think someday, trading will consist of nothing more than a few billion computers all executing trades with each other based on neural nets we program in. It may not happen for 5 or 20 years but someday, the human intervention part will go away. Computers don't have emotion and the emotion part is what gets us in trouble. There will still be a market however as some people will base their systems on TA, while others base them on fundamentals or valuation models, others on astrological etc. One line that really caught my eye in your article..... "Today Goldman sports one of the most sophisticated electronic pricing engines in the world. The firm is the only one allowed to set its own reserve requirements--rather than have them imposed by regulators--for highly volatile derivatives trading. " Doesn't sound legal. I guess that is one of the payback perks for being part of the plunge protection team. <ggg> Good Luck, Lee