How The Fed Masterfully Punk’d Algos Into A Stock Buying Frenzy
by Tyler Durden
ZeroHedge.com
12/18/2014
“As humans struggled to understand what nuance, if any, existed between the two catch phrases, the automated computer programs that do so much of the trading these days immediately reacted and so stocks and Treasuries shot higher in tandem. Did the machines start a buying binge after a simple, successful search for “considerable time?” It’s possible, according to Paul Tetlock, an associate professor at Columbia Business School, who has researched how stocks react to news stories.”
The Rest…HERE
