Hard News: Towards the Truth
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And did you see the link in "Grauniad" on "High Frequency Trading"
New meaning of "Long term investor"
"If small investors and if long-term investors — and by long-term investors, I mean longer than a few seconds — if long-term investors don't have confidence that they're on [a level] playing field with giant supercomputers ... How are they going to feel about owning equities? That's the real scare."
"A few seconds" !!! FFS.
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Rich Lock, in reply to
A few seconds
Please don't get me started on my current favourite whinge about how 'the market' is mistaking the sizzle for the steak, and we're all wearing the consequences.
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Concur. Back to the book. Nearly finished it.
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Finally on Stuff.co.nz, by way of Reuters.
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