Flutterby™! : April Fools moving markets

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April Fools moving markets

2015-04-03 17:41:41.098942+02 by Dan Lyke 0 comments

RT beta is tomorrow ‏@steveklabnik:

Capitalism:

  1. Tesla posts April Fool's joke
  2. Algorithms read headline
  3. HFT bots: "BUY BUY BUY" http://www.bloombergview.com/a...a-stockholders-can-t-take-a-joke

One of the things I occasionally ponder is the impact of the SEC: Obviously they reduce some friction in trading transactions because they create standardized evaluation formats, help weed out some of the obvious frauds, but the article asks:

A reader named Jakob Stoeber sent this story to me and asked what I thought the Securities and Exchange Commission would think of a corporate press release, like this one, that (1) is false and (2) moved the price of the company's stock. ...

And I wonder about the hazard created because of that reduced friction and standardization...

[ related topics: moron Economics ]

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