As Pretty As A Song

1. 

   "Goldman Sachs may just possibly have used security access codes and built a system to acquire trading information PRIOR to transaction_commit time points at NYSE. The profitability of this split-second information advantage would have been and could have been extraordinary. Observed yielding profits at $100,000,000 a day."

   WHOA. So this is not insanely far from the plot of Superman III.  Basically Goldman Sachs is monitoring the flow of stock trading information for the entire New York Stock Exchange, and making trades to their advantage in the tiny periods of time from when someone says they want to buy stock, to when they actually buy stock.

   LESSON: do not buy stocks, it is over your head.

   Daily Kos: State of the Nation

   (via benjaminpalmer)

   (via mikehudack)

2 years ago 24 notes
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