HFT gone bad may 2010
From Zero hedge.com aug 2010
"Unfortunately, high-frequency trader interaction with computerized algorithms of large-cap financial institutions is providing opportunities for high-speed, virtually undetectable market manipulation",
"I can calculate the movement of the stars, but not the madness of men. -Sir Isaac Newton
There are five zombie banks that control between 20%-40% of NYSE daily volume. It started earlier this year with Citigroup and Bank of America. They equaled 10% of NYSE total daily volume. Now the trend in High Frequency Trading (HFT) is on the rise. This begs several questions. If this is a healthy bull market, why are just five stocks running the exchange? Is it possible the bailout money is being funneled into just a few stocks? To get a really good answer we’re going to visit London England in the year 1720. Let’s explore how history is repeating itself with the new South Sea Bubble."
As I commented on my chart, look no farther than the plethora of 90% days since the uptick rule was suspended, in fact in just 5 months we have had 25 !!!!! did we had 25 in last 25 years before this? STOCK MARKET IS BROKEN, the poeple know it, and is one reason the avg American wants nothing to do with it and WHY recent Gallup polls even with rally show spirit of CONSUMER is falling and they see things worse off than a year ago!
25 90% DAYS in 5 months.......and guess what, market is LOWER than when they began!!!!
SO, this is a BULL MARKET???????
Duratek
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