In about three minutes (from 21:07 to 21:10 EDT), US stock markets dropped nearly 150 points; nine minutes after the false tweet had been sent out, the market had recovered.
Not you, not I, not the average Joe, would have been able to avoid a massive loss, were the events reported true. Wall Street quants have built algorithms that troll the headlines (and the tweets) of important sources to automatically buy/sell faster than you could read a headline, pick your phone up and call your broker, or pull up your smartphone and enter into a transaction.
The war is lost; you cannot trade faster than a series of servers that have been programmed to react at the speed of a fiber optic cable with teraflops of processing each second. And of course, you cannot invest in the hedge funds driven by quants, unless you have at least $100K for those "lite" funds, and $1M for the standard hedge funds.
You and I -- the lower 90% -- are screwed...screwed, I tell you.
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