Curious CapitalistCurious Capitalist
High frequency trading now makes up 2/3rds of all trading in the markets, and a lot of experts believe it will be at the center of the next financial crisis. Already, it’s played a role in “flash crashes.” Is it also creating an uneven playing field for the small time investor, and funneling money away from real businesses in favor of …
Another week, another Wall Street scandal, and another opportunity for pundits to bemoan the incompetence and venality of America’s financial professionals. Last Wednesday’s near collapse of Knight Capital Partners – in which a …
Though some day traders referred to yesterday’s software glitch to something out of the Terminator movies, long-term investors have little to worry about.
Last week, it was big news when the four Wall Street firms (Goldman, Citi, Bank of America and JP Morgan) announced that they had gone the entire first quarter of 2010 without a down day on their trading desks. Look Mom, no losses. Some were skeptical. Called Wall Street a fixed game. Well turns out a perfect quarter is not such a great …
