Stocks Fall In Another Big Heartbreaker For The Bulls: Here's What You Need To Know

"It is about as important to the country as whether your Aunt Millie cheated on her submission to the county fair pie contest by using cherries from a can."

Oh no! You knew Aunt Millie?

"Believing in specious nonsense about the markets, however, is leading us down the road to our own self-destruction. Here. Now. Not tomorrow, and not in some third world jerkwater country."

Joe Weisental is doing that?

Do you know how many people just read the headline? Many, many more than reads the article. People gain the knowledge that the market closed down today just by reading one sentence "Stocks Fall In Another Big Heartbreaker For The Bulls: Here's What You Need To Know"

Most people don't care about the how or why...they're to busy. I remember when that was all I cared about, up or down?.

I've read many of your posts and believe that you are very knowledgeable on finance, investing and etc. and have always respected and often looked forward to what you had/have to say.
Believe me, no-one is reading these threads for economic/investing advice and shouldn't be. Their (the articles) complete accuracy is not critical...that's how I view it.

The WSJ or the FT...well, I'd expect a little more accuracy.

""Who writes this tripe" I see the little crybaby is back, huh Is whine all you do. Last time we communicated you directed me to a site where all the fags go. Do you still do that sort of stuff? "

Look, BLam, whatever grievances you may have against traderrob6, nothing he said in his post called for your nasty response. Please keep discussions free from personal attacks.

Not Weisenthal individually. The collective head-in-the-sand unwillingness to confront the problem head-on. Weisenthal is dispensing such nonsense as “X made the market go up today” and “Y made the market go down today.”

Unless there’s huge volume on an up or down day, what moved the market on any particular day was computers yammering at each other. On most days now, the majority of shares traded in the US are now just computers swapping shares back and forth. Days like today are noise, failing to give any real signal worthy of attention to someone with a timeframe longer than, oh, perhaps three days. These computer systems are part of the problem on Wall Street and in our markets today, creating volume and “artificial liquidity.” As we learned in the “flash crash,” the excuses given for allowing these systems to exist are threadbare. As soon as there was a real need for liquidity instead of mere volume, they fled the market.

Giving the impression that the computer systems that are creating the majority of volume are “heartbroken” is the type nonsense to which I refer. You know (of course) that computer systems don’t care. They just do as they’re programmed. What too many people don’t know is that on many days, the reason why the market is going up or down has little to do with any analysis, human sentiment or conviction.

Unless there’s huge volume on an up or down day, what moved the market on any particular day was computers yammering at each other.

Another take you might find interesting... there are some who think outside computers...

http://www.cnbc.com/id/37610064

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