Nasdaq

Nasdaq has broken down and the screechy voices of the American network shrill their excited messages, their world had come to a end !! Share market trading has become so reliant on the massive computers that run the system these days. The market mechanisms that trade on time scales and not on human sentiment, fed by the actual position of shares and more importantly on the companies that underpin the value of the share. The guys that trade in nano seconds and build their day searching the files for minute variables which have no bearing in the true value of a company but in effect make a market out of nothing. It is the ugly face of capitalism which disgusts the ordinary man in the street who works and sells his labour for a minuscule amount when compared to the billions made through this type of trading. And so a bit of software or hardware has brought the game to a halt.
Would the financial world melt down if we revalued our financial mechanism and began to exclude various artificial trading methodologies. We might begin to reaffirm the underpinning value of assets to money. The trillions of dollars that now swill around with no method of equating the dollar value with any other conceivable sense of value including the value of every tangible asset held in the world !!  Frightening !!   Like the refusal to face the potential problem of an ageing computer system, built and added on to the existing computer hardware platform, turning away from reality, hoping that it would keep going and one didn't have to take decisive decisions.
How well we know the condition !!!