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I agree with you that the mainstream media is just a hype machine. And their "crises" are definitely hyped up. However, I also believe that, while hyped up, they at least get their inspiration from real things. What, in your opinion, would be the major problems in the economy right now?

Has anybody talked to IB about this yet?

There's another thing I like about HFT in stocks: by virtue of never holding a position overnight, you're not exposed to the gap on opening. The opening gap takes many suckers down, I see it all the time.