Market Plunge Will Lead to the Creation of SkyNet!

www.financialsense.com...

The author says that he thinks a "fully automated electronic regulator that can work unrestrained across all markets and exchanges will provide the only solution to adequately managing liquidity flows. Maybe just for fun they’ll call it SkyNet?"

I wonder if that's where SkyNet, i.e. AI, will first emerge and take over? In the financial marketplace? It does say in Revelation that the Beast will determine who buys and sells right? That's trade!

Any thoughts? I think he makes a pretty good point about SkyNet though...even if he's kinda joking.

i would think that would go inline with the beast super computer ive read about. if thats real.

you would think they already have that technology available and in place, just for ease of use. if i were controlling the world i wouldn't want to have to actually be in control ALL the time.

Pffft, this whole 'flash crash' non-sense shows the paramount importance of human traders. It was the high-frequency automated trades that lead to the debacle, NOT a 'fat-finger' error.

Best,
SN

Yeah, something like skynet.

Watch out for Linda Hamilton hiding in the bushes behind your mansion with that auto scope rifle.

But seriously, if they just let the NYSE specialists to continue to be market makers and not just basically close shop and route all volume to electronic exchanges there would not be these problems. Also, liquidity providers (High Freq. Trading) should not be allowed to basically "walk-off" as well and just pull out when their models do not hit. They make a good living off buying on the ask and selling the bid.