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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: DinoNavarre who wrote (9903)11/12/2022 11:49:51 PM
From: elmatador1 Recommendation   of 12811
School has been preparing people for the "new times".
A bit of history:
  • Technology invaded the world of money when the engineers and scientists were fired by the the DoD after the USSR collapsed
    The Quants arrived Wall Street
    Late 90s to early 2000s:
    - Universities started preparing students for this technology invasion of finance
    - Computer power costs went down
    - Software became more sophisticated
    - Fast fiber optic communication enable high speed trading
    - Techies wanted to make money fast
    - Quantitative Easing provided opportunities for gains
    - Algorhythm trading, Fintech, Crypto
    - Voila! FTX !

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