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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (63405)	5/6/2010 10:39:19 PM
From: carranza2	7 Recommendations Read Replies (3) \| Respond to of 217754

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.

To: TobagoJack who wrote (63405)	5/7/2010 11:01:47 AM
From: dvdw©	Read Replies (1) \| Respond to of 217754

Its neither a glitch or a result of the system being fragile. malfeasance within the regulatory function is the culprit. It allows for computers to forget valuation and attack only a direction. There is a wonderful series of posts at Ahhas thread this morning which explains this regulatory malfeasance, by illustrating how the price artifact is co opted to prevailing systems intent. Now some here are involved in these schemes, they benefit from the disconnect of valuation, supply and demand and a host of other indications that disconnect owners of stock from setting prices for the stock they own... Pure systemics self interest.