On 10.10.10 I watched a 60Minutes segment about the SPEED TRADERS on Wall $treet. The only thing is, these SPEED TRADERS aren't even on Wall $treet. And, they aren't even flesh and blood stock traders. They are . . . computers.
For those of you who can wrap your heads around what MERS, ET AL did to the real estate market by "securitizing," then selling MBS -- then you'll be the same folks that might get a real kick out of SPEED TRADERS.
But first, I want you to watch this blast from the past. Aired 10.8.08.
At MINUTE MARKER 2:30 we hear Steve Kroft's voice: "These complex financial instruments were actually designed by mathematicians and physicists who used algorithms and computer models to reconstitute the unreliable loans in ways that were supposed to eliminate most of the risk"
To put the above sentence into laymens' terms: GEEKS were "programming" the housing market!!
OH GEEZ . . .
Two years later, 60Minutes aired this 10.10.10:
Steve Kroft says: "These supercomputers, which actually decide which stocks to buy and sell, are operating on highly secretive instructions programmed into them by math wizards . . . "
HA HA HA Math WIZARDS. The Almighty WIZARDS OF . . . OZ?!?
What Steve really means is: GEEKS are now "programming" the stock market!!
These WIZARDS are, apparently, manipulating in "REALMS" they ought not be. The Stock Market . . .
With the market soaring -- SOARING -- close to 12,000 . . . it's all smoke and mirrors folks. The PUMP and DUMP of the $tock Market. READ THE LINK!
And I'd like to take this moment to offer my sincerest thanks (in advance) to the folks that brought us: The Market Crash of 2001 2010. Thank you . . . thank you SO MUCH YOU MATH WIZARDS, YOU!
[Regarding the supposed failure of the parabolic antenna on the ship, which HAL himself falsified]
HAL: It can only be attributable to human error [2001: A Space Odyssey]