banking crisis

THE WILL POWER REPORT: HIGH FREQUENCY TRADING

 

Nothing but the Truth!

By Will Power

 

May 25, 2010 (San Diego’s East County) – Earlier this month, the U.S. Stock Market burped big-time, sending blue-chips down to pennies a share for several minutes, while computers throughout the world strained to keep up. Within hours, millions of paper losses and gains were recorded, and then the market stabilized. Nobody knows what caused the sudden shock. But the profits and losses were substantial, and in fact many of the trades are now being nullified by the SEC. The trades are being voided because they were outside parameters set up by the SEC. You can hear the howls of pain from brokers in Tierra Del Fuego.


Error message

Support community news in the public interest! As nonprofit news, we rely on donations from the public to fund our reporting -- not special interests. Please donate to sustain East County Magazine's local reporting and/or wildfire alerts at https://www.eastcountymedia.org/donate to help us keep people safe and informed across our region.