Thursday, March 10, 2016
And one more thing about algos
If algos are such a bad thing, what about "news" sites calling a -1.5% intraday move a "bloodbath"?
The algos will meet their doom anyway; they can't avoid Darwinian evolution by natural selection of mutation. But the doomerpr0n sites get more profitable the more stupid they get.
So it'd be better for the market if we just left the algos alone and instead executed Daniel Ivandjiiski and Henry Blodget.