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Thats exactly my point. If know one can afford the technology that is taking jobs, the technology will die. Capitalism will survive and thrive. Supply and DEMAND.

Well, if technology starts taking peoples jobs, and the people find no replacement income/jobs, they wont be able to buy the fruits of the technology, thus the technology will stop advancing. Not going to happen

They are still spending more year over year, and every year it is more than we can afford. Thanks alot, Obama.

That's a generalization, which is dangerous. But that is one of the differences I notice

Straight out of college, it isn't a meritocracy though. It is unfortunately very much who you know and where you went to school. That is the way the game is played though. As for the higher quality engineers at Ivy's. Their thesis topics may be more impressive, but I find some of them have...

That's not my experience in real industry. I'm not saying the ivy/mit/stanford engineers are bad. They just aren't any better than those that went to less prestigious schools and tend to act slightly entitled in some regards and are the first to ask the most irrelevant question there is: "what...

Ah, I have no basis for comparison when it comes to liberal arts degrees, as I work on the engineering side of the aerospace industry. Really, I have no basis for comparison with finance type degrees either, but I can't imagine why one would be better prepared (in terms of knowledge, not...

what did you study?

I'm aware this paradigm exists. But the cause and effect has very little to do with the capabilities of graduates. It is, as you suggest, more of a "who you know" sort of thing. And as far as hedge funds go, it is easier to get people to invest with your fund if you can say "70% of our...

Nor do I. But I do work with a lot of folks that come from these fancy universities and their performance is statistically indistinguishable from their public university counterparts.

I laugh at these rankings every time I see them. Personally, I would rather hire somebody from a public university who is hungry and has a chip on their shoulder.

Yeah, and I agree with that. I get a little worked up when people bash HFT too (and I'm not an HFT guy... although I would be if I had the resources). In my opinion, it usually comes from people who refuse to adapt to current market conditions. People who want market socialism. HFT's aren't...

Well, I think the evidence he presented clearly shows that market fragmentation is the cause of orders not being executed. That data, when broken down they way it was speaks for itself. But his blame for the problem is misdirected at HFTs, when it should be directed at big brother.

I love Nanex's data feed, and their research is top notch.... I just wish they would let the data speak for itself instead of littering it with anti HFT propoganda. As for HFT's rigging the market.... I dont think this conversation can advance until people acknowledge that the HFTs are taking...

Our economy, as a whole, also benefits from cheap oil. The same isn't true of Saudi and Russia.

The fact that this is on every single news source (when it really isn't news) makes it stink of paid advertisement, reminds me of a few months months back when they all ran a story about how successful that Sykes guy is. I'm sure we will see this kid selling training courses in no time. If it...

Just to play devils advocate a bit, the size of the trades you are showing charts for are at most about 150-200 contracts, which would result in an initial margin of about 600-700k for NG and CL. Thats not THAT much for a real player who doesn't mind having a very highly leveraged position (I'm...

I don't understand why it would be hard to prove that these are intentional wash trades taking place (if they are in fact intentional wash trades... ). Look for a large price jumps in in a security... look at the orders that caused those securities... those order numbers lead to who placed the...

One more.... I was under the impression that CME contracts don't trade during the holidays...

Also, how can you be sure this is a "wash attack", and not just people getting a little excited