<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div><span>Why doesn't V2020 have a "Like" button? I'd push it for this one.<br></span></div><div> </div><div>Ron Force<br>Moscow Idaho USA<br></div><div style="font-family: times new roman, new york, times, serif; font-size: 12pt;"><div style="font-family: times new roman, new york, times, serif; font-size: 12pt;"><font face="Arial" size="2"><hr size="1"><b><span style="font-weight:bold;">From:</span></b> Kenneth Marcy <kmmos1@frontier.com><br><b><span style="font-weight: bold;">To:</span></b> vision2020@moscow.com<br><b><span style="font-weight: bold;">Sent:</span></b> Thursday, August 4, 2011 12:53 PM<br><b><span style="font-weight: bold;">Subject:</span></b> Re: [Vision2020] AARGH! AARGH!<br></font><br>On Thursday, August 04, 2011 11:46:00 AM Tom Hansen wrote:<br>> Remember back about four hours ago when the
DOW was down 186 point. <br>> Those were the good ol' days.<br><br>I suppose it matters whether one is watching merely as a spectator or if one <br>has "skin in the game," as the vernacular has it. What one observes here are <br>the results of the algorithmic trading activities of about two percent (i.e., <br>400 of 20,000) of the firms trading between two-thirds and three-fourths of the <br>equity transactions in the markets today. The situation has now passed the <br>point where computers are generating news stories about trades effected, and <br>other computers are reading that news and responding with their own trades.<br><br>You may remember an episode of the original Star Trek in which two worlds at <br>war with one another had computerized the warfare to the point where as losses <br>were incurred, people merely reported to destruction stations for termination.<br><br>Kirk, et. al., changed the status quo to return the real horrors of actual
war <br>to the worlds in an effort to convince them to stop fighting algorithmically.<br><br>Whether this episode has any relevance to a zero-based re-evaluation of <br>contemporary economy I will leave as an exercise for those interested.<br><br><br>Ken<br><br>=======================================================<br> List services made available by First Step Internet, <br> serving the communities of the Palouse since 1994. <br> <a href="http://www.fsr.net" target="_blank">http://www.fsr.net</a> <br> mailto:<a ymailto="mailto:Vision2020@moscow.com" href="mailto:Vision2020@moscow.com">Vision2020@moscow.com</a><br>=======================================================<br><br><br></div></div></div></body></html>