October 19, 2012 at 10:17 AM EDT
High Frequency Scapegoating
As soon as I heard about Google tanking 10 percent, leading to a trading halt, in response to a prematurely released earnings announcement, I asked myself: “I wonder how long before someone blames HFT.” I didn’t have to wait long. Almost immediately afterwards, Jim Cramer (gag) and Harvey Pitt were on CNBC putting the blame [...]
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