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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Roebear who wrote (42484)12/4/2003 10:07:43 PM
From: Canuck Dave  Respond to of 74559
 
You already see it, and we can beat it.

What is it, 57% of trading on the NYSE is now program trading? On the venerable TSE, you can see the programs kicking in, too. Driving stop loss orders, filling gaps, taking positions after big moves in either direction, making a few bucks here and there.

In the parlance of the founders of LTCM, "scooping nickels" from the world of risk. Until one day, the game changes. I hope we recognize it first, LOL.

CD



To: Roebear who wrote (42484)12/4/2003 10:25:34 PM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
Roebear, <<Like Pezz said, the game will go on as gambling seems a permanent human vice>> ... while I agree with Pezz on the basic human inclination to gamble, I am also fearful that the odds will be changing against the speculators, and thus reverting our performance to the nasty mean.
Chugs, Jay