<div>Looks to me like a good day to buy some equities on sale. Glad I'm a longterm investor.</div><div> </div><div>In other news I think I'll get on with my preparations for brewing that raspberry chocolate stout I</div>
<div>ve been looking forward to since spring. 11lbs of raspberries to make 6.5 gallons of beer! Ought to be a good one....<br><br></div><div class="gmail_quote">On Thu, Aug 4, 2011 at 12:53 PM, Kenneth Marcy <span dir="ltr"><<a href="mailto:kmmos1@frontier.com">kmmos1@frontier.com</a>></span> wrote:<br>
<blockquote style="margin: 0px 0px 0px 0.8ex; padding-left: 1ex; border-left-color: rgb(204, 204, 204); border-left-width: 1px; border-left-style: solid;" class="gmail_quote">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>
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