Wednesday, September 2, 2009

High frequency trading “has destroyed the link between prices and value”

High frequency trading “has destroyed the link between prices and value”

What this means is that the stock market has been rachetted up in a way where distortions in price are everywhere and value
is impossible to find.
Also, the quant guru tells Kudlow to shove his "recommend a stock" game where the sun don't shine.


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