Daily Reading

Some finance-y stuff:

In defense of algorithmic trading. Of course, I’m not exactly a disinterested third-party on this topic ;-) .

It’s one thing to claim the existence of a bubble, it’s quite another to predict when the bubble will pop. We’ll need to wait another month to see how it all turns out, but so far this seems to have been pretty spot-on with a ~20% drop so far. [6-month graph]

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