Nikolai Alexandrovich Berdyaev
"It is precisely this — high-powered computers and the swagger of those who operate them — that is causing worries over high-frequency trading’s increasing sway. 'The markets used to be about capital formation,' said Mr. Quast, the consultant. 'Now 80 percent of trading is driven by some form of statistical arbitrage. We are buying into a statistical house of cards that could unravel very quickly.'”
Landon Thomas, Inquiry Stokes Concern over Trading Firms that Shape Markets, 3 September 2009
“They were careless people, Tom and Daisy — they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they had made.”
F. Scott Fitzgerald, The Great Gatsby
“Ayn Rand's 'philosophy' is nearly perfect in its immorality, which makes the size of her audience all the more ominous and symptomatic as we enter a curious new phase in our society to justify and extol human greed and egotism.”
Gore Vidal
They were running the stops in the metals and big cap tech today.
There were some wide ranges in prices.
The better to skin the small specs out of their positions.
Kind of reminds one of end of month action.
Get right. Sit tight.
And stop listening to fools and shills for the moneyed interests spouting nonsense.
Have a pleasant evening.
