Machines "Take Over" New York Stock Market, Cause Crash
- Thread starter John Funk
- Start date
Okay, I'm just going to come out and say it:
Fuck you, Wallstreet. Get your shit together. You aren't bringing in ludicrous amounts of cash each year to be screwing over everyone's lives. Is this a huge deal? Maybe not. But seriously, I've had it with these guys screwing over the economy.
Fuck you, Wallstreet. Get your shit together. You aren't bringing in ludicrous amounts of cash each year to be screwing over everyone's lives. Is this a huge deal? Maybe not. But seriously, I've had it with these guys screwing over the economy.
My father, a trader (Thankfully had no positions that weren't hedged during the madness), was laughing his ass off at the chaos, after he showed me the recording of the rabble in chaos.Jaredin said:
I too...was laughing.
What a monkey cage the traders pit is...
What people are failing to notice is that this entire thing was, in all likelyhood, caused by a mistake on the part of a human being. I reiterate the point I've made since I've joined the Escapist, the machines will not try to kill us/destroy our economy until humans do something stupid (Try to destroy them or sell billions instead of millions).John Funk said:
(Obligatory end-post joke)
Computers are your friends people.
Just don't screw with them.
I, for one, welcome our new robot overlords.
...Automated trading? Who thought that was a good idea? I mean, I know a bit about neural networks and teaching computers to make a decision and I think it's a terrible idea to trust that much money to something that observes trends and makes a decision without thinking about anything beyond the pure numbers.
...Automated trading? Who thought that was a good idea? I mean, I know a bit about neural networks and teaching computers to make a decision and I think it's a terrible idea to trust that much money to something that observes trends and makes a decision without thinking about anything beyond the pure numbers.
Considering the crap that Wallstreet does, I hope the machines cause it to crash some more.
It's their fault for being greedy, but more importantly, stupid.
It's their fault for being greedy, but more importantly, stupid.
Why are computers dealing with the stock market? If computers did make the market crash completley, how would that really effect us? It wouldn't, unless you invest in the stock market. The only people it effects are the extremley rich, just all the bullshit rolls down on the population so they can keep their money.
Oh cool! So, if the machines take over, does that mean we all get to join the Resistance and get cool laser guns that shoot purple-pink lasers and fight giant robots in the ruins of L.A.? Please!!! I've been waiting for that movie for sooo long, but all I got was "Salvation".
The problem is that it does have some impact on the actual economy, (for instance, a hostile takeover, a company buying another against its will by buying out its stocks) it just receives no impact from it, at least not as much as it receives from rumours, panics, etc.Souplex said:
As the old computer repairman adage goes, looks like a problem with the piece in front of the monitor.Mray3460 said:
A very good analogy put there.Charli said:
One of my most favorite movies of all time, [urlhttp://www.imdb.com/title/tt0086465/]Trading Places'[/url] endgame takes place in the commodities market. That chaos is probably smallfry compared to what took place in this instance. Watching the CNBC play by play almost felt like an exciting MLB game.
Anybody paying attention and had action on the fly made lots of money off of this hiccup, as well. I seem to recall overhearing one of the experts, Jim Cramer [http://www.cnbc.com/id/15840232/?video=1487022682&play=1](CNBC video in the link), remarking if they had acted on that dip, they would have made a cool 500 G's.
