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bayesianboy.bsky.social
•
8 days ago
“The stock market is not gossip,” my guy, my absolute dude, what do you think the stock market is
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[–]
wescontreras.com
•
8 days ago
LOL!
I could see an argument that gossip is anecdotal while the stock market is quantifiable data about rich people feelings, but somehow I don't think that's the argument he's making...
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alxfed.bsky.social
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8 days ago
The game of deception by orchestrated misinformation.
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mrsdoubtwater.bsky.social
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8 days ago
Mostly bots aggregating sentiment info from the internet and executing trades based on risk models. Sentiment=gossip.
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theemilyaccount.bsky.social
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8 days ago
definitely not mostly
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mrsdoubtwater.bsky.social
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8 days ago
About 80% of stock market trades are algorithmic.
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theemilyaccount.bsky.social
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8 days ago
oh for sure, just not sentiment based
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mrsdoubtwater.bsky.social
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8 days ago
Ah gotcha, but also idk if that can be even separated out.
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theemilyaccount.bsky.social
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8 days ago
sure, a place i used to work did sentiment stuff for a little bit. it’s slow and kinda unreliable, math is easier
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sutawika.com
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8 days ago
Maybe he thought it was “locker room talk” 🤪
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ggegan.bsky.social
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8 days ago
The stock market is a bunch of day traders who are all second guessing each other about which stocks they'll pump and which they'll dump.
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I could see an argument that gossip is anecdotal while the stock market is quantifiable data about rich people feelings, but somehow I don't think that's the argument he's making...