Spoofing

[Jordan Hayes]

| From carlremick at hotmail.com Mon Dec 13 11:21:40 1999
| 
| [I thought the piece below, from yesterday's NY Times, is one of
| the more interesting commentaries on just how unhealthy this
| hyper-speculative stock market is.]

I think there's lots of good reasons to think that rampant speculation
is "unhealthy" but this is just a variation on the theme of building
a better mousetrap.  Markets are always subject to insider
manipulation, and when you close one hole, another will pop up.

These examples show just how inefficient our markets still are,
even in the face of intense computerization.

/jordan