Speculators are good for a market—they smooth out price fluctuations and give fundamentals traders better prices. And when they screw up the effect is usually to give money to other people, as with the flash crash. So I don’t see the problem.
Speculators are good for a market—they smooth out price fluctuations and give fundamentals traders better prices. And when they screw up the effect is usually to give money to other people, as with the flash crash. So I don’t see the problem.