No wonder why this country is bankrupt.
Before you watch these check out this article from the WSJ. Apparently someone has repeatedly hacked into the NASDAQ:
"Hackers have repeatedly penetrated the computer network of the company that runs the Nasdaq Stock Market during the past year, and federal investigators are trying to identify the perpetrators and their purpose, according to people familiar with the matter.
The exchange's trading platform—the part of the system that executes trades—wasn't compromised, these people said. However, it couldn't be determined which other parts of Nasdaq's computer network were accessed."
The manipulation of equities via HFT's is bad enough. Now we have to worry about hackers. IMO, this is just one more reason to stay the hell out of the markets.
What a mess.
Funny Stuff Below.