From Pine View Farm

Skynet Is Watching You 0

Bloomberg (much more at the link):

Computerized trades sent to electronic networks turned an orderly stock market decline into a rout, according to Larry Leibowitz, the chief operating officer of NYSE Euronext. Nasdaq OMX Group Inc. canceled trades in 286 securities that rose or fell 60 percent or more.

The machines did exactly what they were told to do.

It’s not the machines. It’s the persons telling them what to do.

It’s time to realize that the Masters of the Universe aren’t.

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