Quote from intradaybill:
All these are irrelevant at this point. The fact of the matter is that gains of one year are erased in roughly 12 days making fortunes for those that setup and execute the black swans without ever getting punished. The public is losing their confidence in the markets. Recall the flash crash. If this continuous it will be the end of capitalism with grave consequences for the West. It appears that those who should be regulating the markets are unable for some reason to enforce a plain level field.
Quote from intradaybill:
All these are irrelevant at this point. The fact of the matter is that gains of one year are erased in roughly 12 days making fortunes for those that setup and execute the black swans without ever getting punished. The public is losing their confidence in the markets. Recall the flash crash. If this continuous it will be the end of capitalism with grave consequences for the West. It appears that those who should be regulating the markets are unable for some reason to enforce a plain level field.
Quote from denner:
One of the more rational posts on this board as of late. This price action is a carbon copy of 07-08, no matter how much the perma-bulls try to spin it. The market gaining and losing more than 5-8% intra-day is a symptom of a market once again losing its "liquidity". All of the algo's that bid and offer shares back to one another has created such unfounded complacency, the second that they pullback we can see that these markets are a hollow shell.
Quote from ChkitOut:
that may be true in terms of liquidity but what does it have anything to do with this idiotic comment???
"making fortunes for those that setup and execute the black swans without ever getting punished"