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Re: AbrahamS post# 70626

Friday, 07/02/2010 11:27:14 AM

Friday, July 02, 2010 11:27:14 AM

Post# of 232988
The only problem there is what Goldman Scahs and a few other flash traders are doing. They are connected diretly to the NYSE and see every trade and can walk infront of it and therefore beat you every time. Why? Becuse they spent multi millions on the 'Beasts" computer that is faster than anything out there. Goldman is so tied into this and the previous adm. that no one touches them. Most key ecomonic positions are all old GS people. The Flash Crash was caused by the same computers as they kept selling the market down ahead of other and hitting stops until there were none. They know this, but will not admit it to the public and call it fat fingers. The integrity of the whole system is questionable since even the beast cannot forecast disasters, terrorism and defaults by nations. Flash trading now makes up the majority of trades. When you do billions of trades daily a half a penny adds up. Think about it we all lost 40%+- during the market meltdown. How did GS make 30 billion and never have a loosing trade in a year?