Does having greater dependence on computational algorithms make the market more rational?

[Kidlicious]

what you're missing is

A) who´s gaining and who´s losing? there´s a variety of different types of agents, each of which has different goals and methods. what is beneficial to one (e.g. more trades) is detrimental to another.
B) return per trade... who´s trade? what kind of return? which goal (e.g. long-term investment, short-term skimming, speculation, marketmaking, inside trading, etc)? anyway, there is not just one cake that is cut up, there are a variety, and if one cake grows another one shrinks. sometimes, new cakes are discovered. when they are, other cakes are destroyed.

WT... You have no idea what I'm saying.

[Tupac Shakur]

Just because you were a ****ty programmer for firms that went bankrupt doesn't mean everyone in the business is incompetent, Asher.

To be fair to Asher, most workers in every industry are incompetent on some level.

[Asher]

It's been my experience that traders tend to be intellectually lacking.

When a couple of them visited Toronto for a week for design meetings the first question one of them asked, in a thick Jersey accent, was "Yo, where's the nearest strip club?"

I kid you not.

[giblets]

That's just their high levels of hormones.

[Hauldren Collider]

Obviously this reflects on traders in general.

[Asher]

It really does. I've honestly never met a trader and thought "Hey, this guy seems like a good guy". They're all people you'd want to smack repeatedly.

[Kidlicious]

[Zoetstofzoetje]

It's been my experience that traders tend to be intellectually lacking.

When a couple of them visited Toronto for a week for design meetings the first question one of them asked, in a thick Jersey accent, was "Yo, where's the nearest strip club?"

I kid you not.

Yes, but you would have thought they were avant garde cultural critics if they had inquired about the location of the nearest gay bar!

[Asher]

Yes, but you would have thought they were avant garde cultural critics if they had inquired about the location of the nearest gay bar!

There are no gay traders. All traders are straight, but they play with other men and it's just cool-like-that. They'll talk about beeps and greenbacks while giving eachother handjobs in the sauna.

[Dinner]

It's been my experience that traders tend to be intellectually lacking.

When a couple of them visited Toronto for a week for design meetings the first question one of them asked, in a thick Jersey accent, was "Yo, where's the nearest strip club?"

I kid you not.

This is actually true in my experience. Frat boys with larger pay checks is what I've seen. Maybe it is the stress, the long hours which kill personal lives, etc... But liquor, hookers, and blow (in that order) seem to be what they're after on their time off.

[Kidlicious]

Does anyone really still do blow?

[Asher]

Nope! Everyone stopped. There's no market for it.

There was a computer bug which tanked the market.

[Aeson]

Either way, the blow comes after you get the hookers...