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How is this a harm to the market? There's nothing inherently bad about volatility.
by gozur88 10y ago
How is this a harm to the market? There's nothing inherently bad about volatility.
- ajross 10y agoYes there is. Volatility is an inefficiency, by definition. Efficient markets seek to the correct market price and stay there. A "volatile" market is one where parasites (c.f. hedge fund maniacs) siphon off capital due to games like this.