Max Keiser mentioned on his website recently that 50-75% of all of the volume on the stock exchanges is "program trading". In turn, half of that volume is produced by Goldman Sachs. That means Goldman is between 25% and 33% of all of the volume out there. This makes technical analysis very difficult. One player can wildly distort the whole market. Food for thought.
Hi Mark,
ReplyDeleteI just read that Citi Group anounced record earnings...