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Old 02-06-2013, 14:57   #36
jeanderson
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Join Date: Apr 2012
Location: NE Ohio
Posts: 2,640
Quote:
Originally Posted by Skyhook View Post
Once, before I grew up ( sometimes think I really did) I was convinced that the Stock Market was an honestly-run business endeavor... I do not cling to that illusion any more; I have witnessed too much.
It's not just the crookedness. Another huge problem is all the electronic trading and systems which interact. I'll bet no one person really understands it all. Remember the "flash crash" of 2010? That was around 1000 points. I know a day trader who lost a year's earnings in 60 seconds.
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