[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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