Computers Trading News Today

Point. griff: which speaks to confidence. >> confidence. spending. griff: reading the tea leaves in washington. >> the market we are looking at horrendous december. worst for the fcc and nasdaq. worse for the dow since the 130s. i would caution our investors and viewers to say look, this is more of an algorithmic world we live. in things have changed over the years. more computers trading at this point. all trade in a herd mentality. one bad headline comes out and everyone else starts selling. 8...

Horror stories that we had just before he was elected that it might lead to a major crash in the market and it hasnt. the market has been supported by the promise of that tax cut, by strength of the economy, by the earnings that weve seen and of course by the low interest rates that weve seen from the fed. i think many of those things still stand. the tax cut, the economy. earnings have been pretty strong. its just the interest rates really where we have the question now and thats because the bo...

Thats how some traders are describing it when theres there was still some action going on here on the trading floor one trader told me a little bit earlier people really screamed when there was news about a certain chair now the loudest noise that we can years sometimes is one of the traders who is kind of sneezing if there would be sort of an explosion only five percent of the trading is still done here at the trading floor and literally all the traders that are still here because of the comput...

Buyers, but things were slowed down at the stock exchange. many of the computer model detect slight differences between stocks and relationships. suddenly you had one cent bids for stock like accenture and have the computers trading like nuts and thats why you had a mark sell-off. it does come down to man versus machine. it shows you how quickly things have changed. it used to be it was people who were trading stocks and now its computer programs trading stocks and that seems to be what the evid...