tag:blogger.com,1999:blog-4912713243046142041.post1116615028526529993..comments2024-03-28T23:22:41.774-05:00Comments on TYWKIWDBI ("Tai-Wiki-Widbee"): Animation of computerized high-frequency stock tradingMinnesotastanhttp://www.blogger.com/profile/01382888179579245181noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4912713243046142041.post-44888277941989855082013-05-13T10:14:18.693-05:002013-05-13T10:14:18.693-05:00This could be controlled easily:
* 5% Tax on all ...This could be controlled easily: <br />* 5% Tax on all stocks held less than a minute<br />* 2.5% Tax on all stocks held less than a day<br />* 1% Tax on all stocks held less than a month<br />* 0.1% Tax on all stocks held less than a year<br />* No tax on stocks held more than a year (i.e. people/institutions who truly want to invest in a company and see it succeed)<br /><br />The fraction of a penny per share they are currently making on these super-fast trades would easily be wiped out by the tax. nolanddahttps://www.blogger.com/profile/12708768497461983779noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-37322768637477695182013-05-11T00:27:39.614-05:002013-05-11T00:27:39.614-05:00There are plenty of trick Wall Street has.
Did yo...There are plenty of trick Wall Street has.<br /><br />Did you know that the shares you own in your 401k are rented out without you knowing it? Your portfolio might own 1000 shares of Johnson and Johnson. You bought those those shares with your money. They should belong to you... right? Not really.<br /><br />What the brokerages do is actually give you an IOU for 1000 shares of J&J. They take the actually shares and rent them to short sellers. They are making extra money on assets that you own. They are gambling with your money.<br /><br />They claim that that they will cover any losses. And they are supposed to. However, some aren't and in fact are passing the losses on to massive 401k's and pensions, hoping they that don't notice.<br /><br />A couple of very mathematically smart 401k account holders did notice when the did the math and noticed that their balances didn't add up to the total of assets that they were promised. There have been some lawsuits over this. However, the DOL hasn't done a damn thing about it.<br /><br />Most 401K account holders never notice. The brokers bet on this ignorance, so they can gamble with your assets. Their word is their bond, so they claim. Look at how sacred that promise has been.<br /><br />This is perfectly legal, and buried in the fine print of your 401k, IRA, or investment account.<br /><br />Ron Larsonhttps://www.blogger.com/profile/16030823782542340978noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-67101380476225952132013-05-10T11:48:12.725-05:002013-05-10T11:48:12.725-05:00I'd like to see the same animation technique a...I'd like to see the same animation technique applied around the time the HF stock trading kicked in a few weeks ago after the hacked tweet claiming that the white house had been bombed caused the entire market to drop a huge amount of valuation in seconds, recovering same within seconds once it was deemed a hoax.<br /><br />http://www.theatlanticwire.com/technology/2013/04/hacked-ap-tweet-white-house-bombs-stock-market/64492/bbumhttps://www.blogger.com/profile/07733373200607345676noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-85084414213862677032013-05-10T11:00:18.126-05:002013-05-10T11:00:18.126-05:00Frank Herbert was ahead of his time.
Jihad, But...Frank Herbert was ahead of his time. <br /><br /><br />Jihad, Butlerian: (see also Great Revolt) — the crusade against computers, thinking machines, and conscious robots begun in 201 B.G. and concluded in 108 B.G. Its chief commandment remains in the O.C. Bible as "Thou shalt not make a machine in the likeness of a human mind."<br /><br /><br />Not that computers are evil but perhaps our reliance or willingness to replace reasoning with calculation is questionable, especially in markets. We've seen cases where a misparsed document caused havoc in the market. When do we see this happen by design? Or when do we discover it? a progressive crankhttps://www.blogger.com/profile/05135136349294909242noreply@blogger.com