Are machines distorting the market? With wild swings hitting the major indexes daily, some experts say the see clear signals that it is program trading and high frequency outfits driving the market.
"You have to believe that it's related to the machines because the sell off was in total lock step," CNBC stock guru Jim Cramer said earlier this week. "It's not acknowledging that gasoline prices are coming down and raw energy declines are good for many stocks. It's not even acknowledging the positives for gold stocks, and gold is off the charts."
But others think some conspiracy theory psychology may be at work.
"Fact is, in any five-minute period, most high frequency traders are as much buyers as they are sellers," Bob Pisani argued in his blog.
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