Scary…Painful…Ugly Well, what did you expect? This looks like that ugly correction we have mentioned in several posts made in the last year, worrying about a problem that had yet to happen (a la Mark Twain). The chicken looks like it finally has come home to roost, and it is probably a good thing…
Tag: High Frequency Trading
Session 99–Nasdaq Meltdown: Shades of Y2K
It’s Friday April 4, 2014. I am getting ready to run out the door to a meeting and I hear someone compare the the Nasdaq mini-meltdown of recent days (down 2.6% on Friday) to the beginning of the “tech bubble” bursting in March of 2000. Unfortunately, I was not recording at the time and there…
Session 98–“The Stock Market Is Rigged!”
Thus spake Michael Lewis, author and financial journalist (CBS 60 Minutes, 3/30/14). The investing (and media) world shuddered. This is big stuff, right? Not really. These types of charges have been being made since the beginning of stock market time…the only thing new is the methodology, High Frequency Trading (HFT)…trading done through a maze of…