Pascal
10-02-2017, 11:32 AM
If you missed it, a new weekly comment has been posted here:
http://www.effectivevolume.com/content.php?3851-Comments-for-October-2-2017
Today's bubble is very different from the Dotcom or even the housing bubble.
During the Dotcom bubble, decimalization was only starting and hence, algos could not manipulate the markets. Today, algos not only manipulate markets bid/ask data but also are very good at detecting liquidity variations.
During the housing bubble, the Fed did not control anything and was focused on long-term goals. Now the Fed control a big chunk of market liquidity.
Pascal
http://www.effectivevolume.com/content.php?3851-Comments-for-October-2-2017
Today's bubble is very different from the Dotcom or even the housing bubble.
During the Dotcom bubble, decimalization was only starting and hence, algos could not manipulate the markets. Today, algos not only manipulate markets bid/ask data but also are very good at detecting liquidity variations.
During the housing bubble, the Fed did not control anything and was focused on long-term goals. Now the Fed control a big chunk of market liquidity.
Pascal