Perry Glasser

Wizards at Work

In Business, Economics, Economy, Finance, Personal Finance, Politics, Wall Street on June 4, 2010 at 10:48 am

Wall Street Wizards are twisting in the wind still trying to figure out what the flash correction was about, knowing full well that if they do not come up with some  preventative measures, they will either get their asses regulated off or Citizens will desert the markets.

Worse, large foreign investors will reduce their exposure to American markets, pulling out their dough, which means the Wizards summer home in the Hamptons may be in jeopardy.

Today’s Wall Street Journal kinda, sorta, almost admits that the alleged transparent and open markets are anything but because 66 percent of all volume is being traded between computers at light speed, based on information no  human could possibly process.

Gee, ya think?

You read it here, first.

And here, second.

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