Here is a good example of getting it exactly wrong
We certainly do need to slow down markets. There is no possible economic justification for markets trading at their current pace. Hi-speed trading does not increase the intelligence of the market, it simply testifies to the meaninglessness of market prices, their complete detachment from value. See Chapter 9 of PANIC titled “Zoom, Zoom, Zoom”
AR & RV
Tags: Andrew Redleaf, Richard Vigilante
