Tuesday, November 6, 2012

Wall Street Reformers Unwittingly Turn Derivatives Market Over To Robots

In another example of unintended consequences, SkyNet is taking over the credit derivatives market as well equities.  This smells awfully like the 1980's, when "portfolio insurance" was anything but, as exposed in the 1987 crash, when the Dow lost a third of its value in one day.  Thanks to Kitty for finding this.


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