This from Paul Krugman's blog - follow link, etc., etc., etc.
I, For One, Do Not Welcome Our Dumb Robot Overlords
From the FT: stock in Berkshire Hathaway, Warren Buffet’s company, jumps every time Anne Hathaway, the actress, gets a lot of media play.
Why? The claim is that it’s the fault of robotrading algorithms, which now account for most of the market, and which sometimes rely among other things on trends in news coverage.
That’s the kind of dumb mistake human traders wouldn’t make. Unfortunately, they’d make other kinds of dumb mistakes.
AAR Rail Traffic in November: "Continued Economic Uncertainty Reflected in
Rail Volumes"
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From the Association of American Railroads (AAR) AAR Data Center. *Graph
and excerpts reprinted with permission*.
*Continued Economic Uncertainty Reflecte...
1 hour ago
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