We loved the “traditional Chinese sarcastic dance” poking fun at iPhone 5 critics this past weekend on Saturday Night Live, and we just had to figure out a way to work it into a note this week!
We have written often about how HFT firms are like locusts – i.e. they will consume a field (equity market) until barren and then move on to other fields (overseas/asset classes). We have also written often on how we believe that as investors leave the equity markets, the HFT firms will begin eating themselves.
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