Determining value of a thing IS how well it does in a popularity contest. That's all economics is. If your apples are fundamentally less sought after - and popular - than my potatoes, your apples are cheaper than my potatoes.
60% of all US equity volume is pure high-frequency trading, and ETFs add roughly another 20% that’s literally just bots responding to market activity and bearish-bullish sentiment analysis on public(?) press releases. 2/3 of trading funds also rely on external data to price in decisions, and I think it was around 90% in 2021 use trading algorithms as their determining factor for their high-frequency trade strategies.
At its core, the movements that make up the market really IS data retrieval.
e.g. farming
The stock market is the root for the majority of all the world's economic value, and has almost-exclusively been data retrieval since 2001.
The stock market is not the root of the value, it's where the value (and plans for generating more) is put to a popularity contest.
Determining value of a thing IS how well it does in a popularity contest. That's all economics is. If your apples are fundamentally less sought after - and popular - than my potatoes, your apples are cheaper than my potatoes.
Come on. The stock market is not just data retrieval. The statement doesn’t even make sense.
It makes perfect sense, and I meant what I said.
60% of all US equity volume is pure high-frequency trading, and ETFs add roughly another 20% that’s literally just bots responding to market activity and bearish-bullish sentiment analysis on public(?) press releases. 2/3 of trading funds also rely on external data to price in decisions, and I think it was around 90% in 2021 use trading algorithms as their determining factor for their high-frequency trade strategies.
At its core, the movements that make up the market really IS data retrieval.
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