Tuesday, June 14, 2011

Musical Chairs

"In this game of musical market chairs, the largest traders control the pause button.  They wait for the other players to bunch together; then they grab a seat just as they stop the music.  Much of the intraday movement of the market is attributable to precisely this bunching and its exploitation by large traders. "

-Brett N. Steenbarger



No comments:

Post a Comment