Drawing Quarter and Receiving None
[Today's News Poem, August 10, 2012]
Aware of your awareness,
Halting before your halter–
Brand news and your nooses–
I burn upon your altar.
For life is meat and meaning;
Gamey and gamete, games of
Chance, trance of the cancers
Of greed and fear, above
Below – and lowing calfishly
Accidentally flowing gold,
Elevated to the empty sky
(Star-filled, empty, empty)
The Machine becomes aware
Of my awareness,
Learns to play my play and offers
Quarter. I refuse.
“Author Scott Patterson explains it all in his book that chronicles
the rise of computerized artificial intelligence and the computerized
trading that has come to dominate the stock market. How dominant?
Patterson writes, "At the end of World War II, the average
holding period for a stock was four years. By 2000, it was eight
months. And by 2011, it was twenty-two seconds." One high
frequency trading firm's average holding lasted for 11 seconds. High
frequency traders now account for more than 70 percent of all stock
trading volume. ”
– By Stephen J. Butler,
sbutler@pensiondynamics.com
Posted: 08/10/2012 06:49:31 PM PDT, Updated: 08/10/2012 06:49:32
PM PDT
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