Originally Posted by Skyhook
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.
And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins,
As surely as Water will wet us, as surely as Fire will burn,
The Gods of the Copybook Headings with terror and slaughter return!
- Rudyard Kipling, 1919