Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>> as you clearly don't even know what program trading and arbitrage are.<<

Let's say that is true. Alan Newman (CrossCurrents) and I have exchanged a few emails on this subject over the last year. Alan was one of the authors of a white paper back in the late 80's that discussed the effects of program trading on the markets during the 1987 crash. I think he also appeared before Congress and gave testimony on the same. He has touched on the subject several times in his writings over the last few years. You may want to research some of what he has written to get another point of view.

I am not saying that all program trading is bad. What I am saying is that program trading has now reached a level where it has a negative influence on the integrity of the markets.

BTW, don't look now but I think your true agenda is showing.