[Vision2020] AARGH! AARGH!

[Darrell Keim]

Looks to me like a good day to buy some equities on sale.  Glad I'm a
longterm investor.

In other news I think I'll get on with my preparations for brewing that
raspberry chocolate stout I
ve been looking forward to since spring.  11lbs of raspberries to make 6.5
gallons of beer!  Ought to be a good one....

On Thu, Aug 4, 2011 at 12:53 PM, Kenneth Marcy <kmmos1 at frontier.com> wrote:

> On Thursday, August 04, 2011 11:46:00 AM Tom Hansen wrote:
> > Remember back about four hours ago when the DOW was down 186 point.
> > Those were the good ol' days.
>
> I suppose it matters whether one is watching merely as a spectator or if
> one
> has "skin in the game," as the vernacular has it. What one observes here
> are
> the results of the algorithmic trading activities of about two percent
> (i.e.,
> 400 of 20,000) of the firms trading between two-thirds and three-fourths of
> the
> equity transactions in the markets today. The situation has now passed the
> point where computers are generating news stories about trades effected,
> and
> other computers are reading that news and responding with their own trades.
>
> You may remember an episode of the original Star Trek in which two worlds
> at
> war with one another had computerized the warfare to the point where as
> losses
> were incurred, people merely reported to destruction stations for
> termination.
>
> Kirk, et. al., changed the status quo to return the real horrors of actual
> war
> to the worlds in an effort to convince them to stop fighting
> algorithmically.
>
> Whether this episode has any relevance to a zero-based re-evaluation of
> contemporary economy I will leave as an exercise for those interested.
>
>
> Ken
>
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