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The New York Times, in a fantastic piece today, writes about the changing profile of the Wall Street Trader. The new traders — coders with Ph.D –rely on massive computers, alogrithms and exotic strategies by extracting money using exchange-traded funds. ETFs, to me are a sign that Wall Street is not about people. Instead it is bots trading against bots. Fundamentals don’t really matter anymore – as long as there are events to move the markets, up or down.  [The New York Times]

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Om Malik

Om Malik is a San Francisco based writer, photographer and investor. More....

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Letter from Om

A (nearly) daily dispatch about tech & future.

You will get my reporting, analysis, conversations, and curation of the essential information you need to make sense of the present future.

Check your inbox or spam folder to confirm your subscription.

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