What we been saying for years, how the market is manipulated and now how it is cpu vs cpu now more then ever since retail is broke and absent.
60 Minutes - The Speed Traders (June 5, 2011)
June 5, 2011 7:23 PM
This story was first published Oct. 10, 2010. It was updated on June 5, 2011.
Most people don't know it, but the majority of the stock trades in the United States are no longer being made by human beings. They're being made by robot computers, capable of buying and selling thousands of different securities in the time it takes you to blink an eye.
These supercomputers - which actually decide which stocks to buy and sell - are operating on highly secret instructions programmed into them by math wizards, who may or may not know anything about the value of the companies that are being traded.
It's known as "high frequency trading," a