Was reading a story today and ran across this quote from Mark Cuban:
“The only people who know what business Wall Street is in are the traders,” Cuban wrote on May 9, 2010. “They know what business Wall Street is in better than everyone else. To traders, whether day traders or high frequency or somewhere in between, Wall Street has nothing to do with creating capital for businesses, its original goal. Wall Street is a platform. It’s a platform to be exploited by every technological and intellectual means possible.”
I thought I’d plug into the collective wisdom of T-Nation and gather some of your thoughts on this. Basically he goes on to blame professional traders for the blame, along with a few other key factors such as the national debt load of countries.
Anyone have a solution to the craziness?