by Jeff Clark
The robots have taken over Wall Street.
Computer trading – the robotic, pre-programmed buying and selling of stocks by machines – now accounts for nearly 80% of the volume on the U.S. stock exchanges.
For many folks, that’s a frightful statistic. It makes traditional, fundamental analysis useless.
Stocks aren’t moving on the basis of earnings, dividends, or growth rates…
They’re moving based on an algorithm that tells the computers when to buy stocks and when to sell. And, most folks think they don’t stand a chance to profit against the computers.
Most folks are wrong.