[ExI] The run up to the singularity
pharos at gmail.com
Thu Apr 14 16:46:22 UTC 2011
On Thu, Apr 14, 2011 at 5:17 PM, spike wrote:
>>... On Behalf Of Richard Loosemore
>>...Stock market gambling thrives on *gradients* in the curves. Static,
>> orderly pricing is a hideous disease threat to that kind of gambling, so it
>> has to be eliminated wherever possible. The drive toward volatility in the
>> trading systems creates opportunities for the gamblers, so they promote it
>> like crazy...Richard Loosemore
> But saying that way almost makes it sound like a bad thing.
If you've just seen your pension fund disappear while the gamblers
traded it back and forth raking in commissions, I think you might also
consider it a bad thing.
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