Showing posts with label Computer Trading. Show all posts
Showing posts with label Computer Trading. Show all posts
10 June 2011
01 July 2010
MSNBC's Dylan Ratigan: Need For An Alternative Investment Structure Instead of the Corrupt Stock Market
"Seventy percent of the volume [of trades on the stock market] is computers that are run by the banks playing ping pong with stocks for 10 seconds at at time," Ratigan said.
"The stock market at this point, which used to be a reflection of the future value of actual businesses in this country, has been turned by our government and our banks into little more than a paper shredding facility [about which] we can make up reasons why it goes up and down, but when the computers at the banks are controlling the action, most everything else is kind of silly."
"The stock market at this point, which used to be a reflection of the future value of actual businesses in this country, has been turned by our government and our banks into little more than a paper shredding facility [about which] we can make up reasons why it goes up and down, but when the computers at the banks are controlling the action, most everything else is kind of silly."
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