Thursday, November 17, 2016 9:49:20 AM
The Big Short by Michael Lewis describes in wonderful and understandable detail the financial meltdown back in 2008 involving the real estate market. You will even learn what a credit default swap is all about. Excellent.
His next book titled Flash Boys describes how the markets are rigged by the speed at which computers can actuate orders to buy and sell stocks.
Systems are now in place to monitor the all buy and sell orders on all the exchanges at all times. If one of these computers sees a buy order at a given price that hasn't been executed yet due to the distance that computer is to the server and the time it takes for that signal to travel to its proper destination, these predators have placed their computers closer to the ones managing the trades so they see whats going on nanoseconds before the trade is actually executed so they can very quickly undercut the price or place an order that raises the price so that your order doesn't get executed.
The Dow and NASDAQ have been victimized by this technology. There is a new market that has been started and I can't remember its name that has been designed to be protected from this technology scam. Lewis describes it all in his book. Fascinating stuff.
Recent QSEP News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 11:57:06 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 07:15:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 08:39:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 01:05:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 11:52:03 AM
PickleJar Debuts Nationwide Contest With Brian Kelley for Fans to Win a Three-Day Bahama Cruise • NREG • Jun 3, 2024 8:45 AM
ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • ILUS • May 31, 2024 12:52 PM
Element79 Gold To Provide Summary and Update on Active Exploration Program, Community Relations at RMEC on June 4 • ELEM • May 30, 2024 1:18 PM
Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • BLEG • May 30, 2024 8:30 AM
ECGI Holdings, Inc. Announces $2 Million Debt-to-Equity Conversion • ECGI • May 30, 2024 8:30 AM
North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • NBRI • May 29, 2024 9:03 AM