(11 am. – promoted by ek hornbeck)
This guy needs to keep his mouth shut when discussing politics, but when he’s talking about the thing of which he is an expert, equities trading, you can tell he knows what he’s talking about.
He’s obviously not a liberal, but he’s not happy with the current situation in the stock market. He says a huge percentage of the volume in the stock market during this “rally” is due to computerized trading where the profits aren’t even made with the old fashioned “buy low and sell higher” thing, but because these computerized trading systems can generate money through liquidity rebates on a per-trade basis. So these computers just trade like crazy, and they don’t trade for any reason. They just trade. He says the right now the direction of the market is to buy, so all the transactions are “buy”. But he says when an event happens (and it’s not “if” but most certainly “when”) that will drive the market the other way, there will be nobody there to buy.
The man is basically predicting a huge market crash, due to the system being effectively broken.
He, in a classic sort of Republican way, is saying that he’s good enough that he’s okay, it doesn’t really concern him because he’s a pro and can work around it. Maybe he’s right, but if so, why is he on the television talking about it? Why doesn’t he just game it to his advantage? Obviously he’s concerned, knowing that when the market goes the other way, it’s gonna plummet through the floor.
Good times.
I’m so glad Obama is President and fixing everything!
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“GET OUT”
It’s true. It’s another corrupt travesty, but it’s true.
if you’re ‘in the market’ or not. We’ll be fucked either way!
Seriously, I don’t see any way out of this than revolution.
Obama is a intelligent man you can’t tell me he doesn’t know what he’s doing. And willingly it seems!
We need to take a state with temperate climate and take it over and do our own thing.
in a falling market? They can’t sell short in 30ms can they? I don’t get the mechanism for as much profit in a falling market.