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Re: gbrown6332 post# 33676

Wednesday, 09/13/2017 3:08:30 PM

Wednesday, September 13, 2017 3:08:30 PM

Post# of 108192
Thanks for sharing this. To be honest, the indifference to their own culpability in hurting or destroying companies doesn't surprise me at all. Since everything they do is implemented by algos (which simply run off of built in rules coded by tech guys), they get to take away the human element from decision making, besides the fact that everything they do happens in micro seconds.

The only way out of this mess is for Congress to outlaw HFT (under the valid free market principle of preventing and overcoming unequal access to participants) and get institutions and funds to declare short positions just the same as long positions, in addition to reporting much more frequently.

Unfortunately, I have ZERO confidence that either Congress or the executive branch, regardless of who is in power, will ever do the above. The hedge fund industry will fight using their last penny to prevent this from happening.
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