BLOG OF THE DAY...

This morning I looked at a stock market screen with almost 300 symbols on it. They were all red.  You mean to tell me everybody decided to sell all of these 300 stocks and all of the buyers decided to go away.  I don't think so.  I think massive computer programs kicked in for whatever reason.  Today, computer trading accounts for most of the transactions on the stock exchange.  The self centered argument for maintaining this gambling casino environment is as wrong as the housing market speculation was. We all have access to company information and the economy.  Only a limited few have access to huge computers where a push of a button executes the buying and selling of millions of shares.   This has to end before a machine controlling a machine controlling a machine pushes the wrong button.