80% of equity trades are done algorithmically, they don't even know who runs the Company.

(PsychoChomp, Tue 12 Mar 2013, 12:43, 1 reply, 12 years ago)

owns the company
They have absolutely no idea. When the equity market gets out of hand they switch the exchange computer off.
(Set your faces to Stunned Bigly, Tue 12 Mar 2013, 12:45, Reply)

hey, Chomp works on the finance team, he knows how all this stuff works.

(dozers, do fuck off ur a nob m8, Tue 12 Mar 2013, 12:47, Reply)

pay roll-lols

( Naked Ape call me Caitlyn, Tue 12 Mar 2013, 12:49, Reply)

He's the Adam Smith of B3ta.

(Set your faces to Stunned Bigly, Tue 12 Mar 2013, 12:50, Reply)

he's the Timmy Mallet of polymaths.

(dozers, do fuck off ur a nob m8, Tue 12 Mar 2013, 12:54, Reply)

He puts the sensual into nonconsensual sex.

(Set your faces to Stunned Bigly, Tue 12 Mar 2013, 12:56, Reply)

he puts the 'hip' into 'rohypnol'

(dozers, do fuck off ur a nob m8, Tue 12 Mar 2013, 13:00, Reply)

The problem being is that by the time the market is getting out of hand everyone
owns a shit tonne of stock that's badly valued. That's purely based on the trend following algorithms that assume that someone knows what they're doing. And they work well, so well that they're used so much the influence of single human trade decisions are multiplied dozens of times in the first couple of miliseconds. That's dangerous.
(PsychoChomp, Tue 12 Mar 2013, 12:53, Reply)