[Marxism] The ruling class in the United States ofAmerica istheentire capitalist class!
S. Artesian
sartesian at earthlink.net
Sat Nov 1 14:16:30 MDT 2008
Les,
Entire "discipline" using algorithms to predict market movement, to detect
anomalies in markets and establish arbitrage positions, to establish
positions long and short, and hedge same. The practitioners of this, many
of whom have backgrounds in mathematics, including not a few Ph.Ds are
called "quants."
Actually at the beginning of this crisis way back when Bear Stearns closed 2
hedge funds, WSJ and FT were filled with articles about how the "quants" got
it wrong.
----- Original Message -----
From: "Les Schaffer" <schaffer at optonline.net>
To: <sartesian at earthlink.net>
Sent: Saturday, November 01, 2008 2:52 PM
Subject: Re: [Marxism] The ruling class in the United States ofAmerica
istheentire capitalist class!
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