07
May, 2010
07
May, 2010
Joe on CNBC Last Night
http://www.youtube.com/themistrading#p/u/0/d_CHwBugl1A
Joe chimes in at about 5:00 minutes in…
His best point comes when he makes suggestions for fixing the market structure holes, right after David Faber insults him, at about 7:40 in…
Seriously, what was up with Faber’s snide comment about Joe? That was totally out of line and frankly lacked a lot of class.
Great responses Joe. Irene Aldridge did a poor job defending herself. So, HFT was responsible for this insane market crash, but we should give credit to them for helping the markets recover so quickly? That’s like a murderer saying he should get credit for how quickly he cleaned up the murder site after stabbing someone, because normally it would have taken the police days to clean up.
HFT make their money all the way down and make money all the way up, and the ones who lost money were the investors who who had stop losses or margin calls triggered because of how low the HFT traders drove down the prices.