Mark Cuban Nails it on Twitter Crash and HFT [VIDEO]

long enough period of time to try and cut down on this sort of thing. i could see people on wall street right now rolling their eyes when they hear something like that. well, of course, look, wall street is smart. they follow the money. this is not a knock on the algorithmic traders. this is not a knock really on anybody. people follow the money and it’s very efficient. we all look for opportunities on where we can make money. t,bu again, if — in my opinion, if you look at the bigger picture, all of this — i don’t want to say electronic — algorithmically driven trading has created a ton of downstream probms. look at the aging of the stock market. i don’t have the exact numbers. whether it’s the s&p or the dow or the whole public universe. not only have we seen a decline in the number of public companies, but the companies that we’re looking at and investing in are aging considerably because there are no new companies coming in. look at the tech sector. the bell weather are for the most part 20 and 30 years old, and the youngsters like google and facebook are 9 and 10 years old. long gone from the days where there was a continuous flow of new ideas and fresh companies that reinvigorate the different sectors, particularly the tech sector. now the tech sector’s a grandmother when it comes to aging of the stocks out there. and that, i think, is a reflection of the fact that we are no longer a market designed to create and invest capital in companies and to create growth from those companies. there are those who might also say, look, you know, the — the market is at — the other numbers that are compelling are the dow and the s&p at record highs, right? so these things may happen from time to time. the market may go through these gyrations, these momentary drops, these comebacks. confidence, though, in the market certainly doesn’t seem to be shaken to any great extent. given the fact — record highs. let’s not lie to ourselves about where the market is, right. i mean, look, there are only so many options on where to put your money and, you know, we’re in the land of the blind, right, the one-eyed man is king. and in this particular case, there are only a few choices. but so i don’t think you can look at the — where the markets are right now and say, look, they’re up near highs so things must be good. there’s no real other places to put money. and honestly, in my personal case, i really rarely invest in stocks anymore. there’s just nothing new. you know, when you sit and listen to cnbc or watch cnbc, you’re talking about the same stocks, it’s like going back in time. you could have the same conversation ten years ago, 20 years ago, in some cases 30 years ago talking about the same companies and we’re like how’s the quarter going tobe? good or bad, should you invest, not invest? no new names, no new energy, no new opportunities. that’s a problem and that’s a reflection of the lack of trust, the lack of — the fact that we don’t know what business the markets are in. and there’s so much algorithmic trading and technology-driven trading it’s created downstream problems. you good to sit with us through a commercial? i want to talk to you about technology on that subject on the other side of the break. sure. also, let everybody know that at 12:50, the cboe is set to resume trading. so we’ll certainly be watching for that in about five minute’s time after this long delay due to some sort of technology glitch it appears at the cboe. again, on the other side of this

there are those who might also say, look, you know, the — the market is at — the other numbers that are compelling are the dow and the s&p at record highs, right? so these things may happen from time to time. the market may go through these gyrations, these momentary drops, these comebacks. confidence, though, in the market certainly doesn’t seem to be shaken to any great extent. given the fact — record highs. let’s not lie to ourselves about where the market is, right. i mean, look, there are only so many options on where to put your money and, you know, we’re in the land of the blind, right, the one-eyed man is king. and in this particular case, there are only a few choices. but so i don’t think you can look at the — where the markets are right now and say, look, they’re up near highs so things must be good. there’s no real other places to put money. and honestly, in my personal case, i really rarely invest in stocks anymore. there’s just nothing new. you know, when you sit and listen to cnbc or watch cnbc, you’re talking about the same stocks, it’s like going back in time. you could have the same conversation ten years ago, 20 years ago, in some cases 30 years ago talking about the same companies and we’re like how’s the quarter going tobe? good or bad, should you invest, not invest? no new names, no new energy, no new opportunities. that’s a problem and that’s a reflection of the lack of trust, the lack of — the fact that we don’t know what business the markets are in. and there’s so much algorithmic trading and technology-driven trading it’s created downstream problems.



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Sheeraz Raza
Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com