2009-07-30 - What Spiked The Market?

Discussion of what caused the spike at 8:45 Central Time this morning - bluntly, it was bad data that got corrected and fed computer-led trading. Nothing new, but something to think about...... (Repost with an editing error corrected)

Category:

News & Politics

Tags:

• 09
• 07
• 30
• Data
• Dislocation
• 2

[Youanden]

Very informative as usual Karl, and I must complement your new camera. The quality is nice despite there being no current backdrop.

[kdenninger]

The camera unacceptably "beats" with the monitors when they have images up. Can't be fixed due to the cold-cathode illumination of the panels....

[soulharvest2012]

Great video Karl. Seems the govt media complex has got a massive troll machine out to get you now. I've been watching your videos for years and I never used to see this kind en masse violent reaction from the Youtube community. THis is new. Which means you must be having an effect.

The points you raiased about HFT are as simple as they are obvious. And the same kind of inherent systemic risk that Nassim Taleb talked about, the kind that will one day bring the whole shithouse down in flames.

[mcgrawtim123]

Whoa! Computers acting on their own algorithms are responsible for 50% of daily actions on the NY Stock Exchange? That's frightening! What if someone hacks into those computer algorithms? Madness!!

[badsign1980]

if goldman sacks promps up price food by speculation making it too expensive then industry of food gets into debt, maybe closes-unemplyment, gov goes deeper debt to buy food for army or schools etc this happens everyday making things appear to be scarse and demand high makes some money for the usual speculators and some people in stock exchange if this is the kind of dream americans want and see as capitalism the prey on the weak and pressure on world then outcome will be real global war

[badsign1980]

the fact the usa is totally controlled like a company by rothschilds makes my point and the media operates as front to keep the last savings and army workers tax payers calm goldman sacks is the usa gov. and also master manipulative of markets, this manip has worldwide effects by pressure on goods and making goods too expensive or too cheap in orer for them to make money in wall street making farmer in nigeria poorer or industry brazil in debt because the usa dosent produce its a casino bets

[badsign1980]

these manipulation arent random but operating on major companys many owned partially or totally by rothschilds agents in usa, also on commodities and other products or here they want the economy to go in order to make more money or to serve their agents in the usa or other companies that pay for market manipulation, now they are trying to pump up the dollar and economy to keep this scam going and keep gold prices down comps are making these prices go up by speculation- they cant loose

[badsign1980]

usa is owned by many stockholders jp morgan rothschilds etc they build the country through debt into public face while privatizing interest and winnings of ventures with companys speculation and army wars also intimidation worldwide know history to know what usa is, wall street was made by jews expelled from brasil-dutch west indies company stocks operating in usa, sold to british w i c central banks are owned by rothschilds issue currency at interest, private winnings public loses

[badsign1980]

gov. is just a way to take money of you and your childrens children to be used in companys ventures without any risk for the companies stock holders giving flase stock for this bankrupt gov and putting debt into this public usa face to take hits and the falls while the real usa is company owned by rich just lçike israel is owned by rothschilds, countrys are companies divided by risk for the gov and winnings for banks and companys army is also theirs but debt is for gov, typical west i. venture

[badsign1980]

like in the past english west indies dutch west indies who actually where owned by privates and had their own soldiers and conquered and owned and colonized many countrys that other countrys couldnt, like india, witch was owned by company not a country until it went bankrupt, usa is the ultimate company with army and multi companys working or it using the planet and stock holders of dollar to invade and robb other countrys, look at british west indies flag and tell me what u see

[badsign1980]

i believe that usa as never been a real country as real country was in the past is a piece of land owned with everything in it by company like english west indies company where everything in it is to be divided in stocks and sold out, wall street is the place and banks of speculation to make most profit and bring the slaves to dinner to be eaten with their savings and their childrens future as far as they car forsee future well the american experience dosent work capitalism dosent work

[junevi2000]

US capitalism is a huge Ponzi scheme.

[ForbiddingDurian]

Excellent..

thanks for the video...

[POORANDBROKECITIZEN]

WALL STREET IS A SCAM.