In today's NYT,
an
article about people speculating on the Martha Stewart verdict.
Apparently they guessed wrong. The interesting part of this story is
how the NYSE specialist intervened to slow trading in
MSO; the more automated
markets just let the price fluctuate wildly on rumours.
Compare to the story on spraying NASDAQ.
I should start a
Floyd
Norris fan
club. The market is a complex and surprising system;
Norris'
articles covering it are consistently interesting,
insightful, and innovative.
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