>People like Elon Musk have gotten in trouble with the stock market for simple things, like thinking out-loud. I'm pretty sure he hates the stock market, and only by law was he forced to sell stocks.
Since this is how his company has been kept afloat for the last decade I'm pretty sure he doesn't hate the stock market, he just hates the agencies that regulate it.
You're alone in this thread, but no one here has given any real defense of HFT other than "providing liquidity", which is sheer garbage in a world where we have giant speculative bubbles forming and bursting and taking out huge portions of the economy all the time - it requires a real fanatic devotion to efficient markets to be trying to race against the speed of light. This is bunk; prices are just wrong anyway, and markets don't need to be that good as a result. What we do need is less financialization of the economy. Transaction tax all the way.
Since this is how his company has been kept afloat for the last decade I'm pretty sure he doesn't hate the stock market, he just hates the agencies that regulate it.
You're alone in this thread, but no one here has given any real defense of HFT other than "providing liquidity", which is sheer garbage in a world where we have giant speculative bubbles forming and bursting and taking out huge portions of the economy all the time - it requires a real fanatic devotion to efficient markets to be trying to race against the speed of light. This is bunk; prices are just wrong anyway, and markets don't need to be that good as a result. What we do need is less financialization of the economy. Transaction tax all the way.