Beginning of a new era in trading?

Discussion in 'Economics' started by lemeeeplay, Dec 17, 2008.

  1. This article made me think about something:

    If the current crisis flushes out most of Wall Street's elites out of the system, would this bring about a new and better era in trading for smaller players?

    I think all these big time speculators, hedge fund managers, mega fund managers, market makers and arbitrageurs made trading difficult. I am not trying to argue against efficient market theory, but there is a fine line between being a market player and making investment decisions based on the best available information to manipulating the markets, and I think many of these big players were doing the latter instead of the former.

    I am sure liquidity would dry up without the big players, which is not a good thing, but the tradeoff is worth it.