Skip to comments.Was The Market Mayhem A Mistake? Maybe Not.
Posted on 05/07/2010 9:07:54 PM PDT by SmokingJoe
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I agree with your last two para’s completely.
I’d add this: the actions of the two HFT’s that pulled out of the market when it started going down proves that their arguments for being allowed inside access to the market are now proven false. When the market needed liquidity, they fled.
This begs the question “Why do we tolerate HFT’s, again?” Because their only supposed utility was to provide liquidity. If they don’t, then there’s no reason for their existence.
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