Wotka World Wide

Saturday, May 08, 2010

Scary that one man can crash a market... Goes to show that the floor traders and market makers have a definite place in the system, as a brake on human and computer errors that trigger potential catastrophes by igniting a domino effect of sell off orders. Not sure if there is a way to fix this either, other than not letting the whole market become computerized. Also goes to show that Congress or anyone else will never be able to stop market crashes. They are inherent in the system. Now if they would just quit manipulate the major components, like sub-prime mortgages, maybe the crashes wouldn't be so big. Yeah right.

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