Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything. This week we make an astonishing connection regarding the market crash.
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Not to the end yet, so you may have figured it out, but if not…
I think a “Dive and Catch” refers to what the market timeline did today. Think of a bird, diving from up high into a lake to grab a fish, and then returning back up into the air.
Make sense?
Fish
Why isn’t DH Unplugged on iTunes?
Cause: high frequency trading by tripped algorithms from servers that have been moved as close to the exchange as possible to shave mere milliseconds off of their latency times. This was exacerbated by a tripped 90 second hold on rapidly falling stocks by the NYSE that isn’t observed by other exchanges.
Imagine how easily the market could be manipulated by more subtle applications of this.
Detailed explanation:
http://www.zerohedge.com/article/themis-take-may-6-2010-%E2%80%93-day-will-change-market-structure
WOW! Dvorak knows nothing about flash, or iTunes, or h.264…
WTF?
Sad. I met John at a PC Mag Awards banquet in Las Vegas in the late 80’s, back in the day when he really understood technology. Not just the basics but the good stuff. I have not followed his career in recent times. This is the first time I’ve listened to one of his podcasts. Now he doesn’t appear to even understand the basics of what he’s discussing (Flash, HTML5, iTunes…).
Neither he nor Horowitz seem to have any great understanding of what happened to the markets the other day except that maybe computer trading might have had something to do with it. Duh.
What a waste of time. John C, you used to be one of my heros. A knowledgable renegade who could ask the good questions and smell bullshit from a country mile away. Listening to this ramble was disappointing. If I want to hear two guys wondering out loud about things of some importance but about which they are only modestly, or barely, knowledgable, I can just record a chat between me and one of my friends.