Every once in a while you come across it. The financial media comes up with a “new” idea that computerizes a strategy of when to buy and sell individual, (not packaged) securities.
But this is never new, just repetitious. It seems there have been young computer whizzes in every decade, who have attempted this strategy. That’s because it represents a challenge to the young.
Of course the are too young to know that their Wall Street fathers’ generation had been through the quest before, using faster and faster computers.
As fast as technology has become market psychology and corporate idiosyncrasies hinder their practical success.
As I have studied the pros and cons of over 1500 market strategies, including the computer approach, I can see no long-term panacea with this particular approach.
No comments:
Post a Comment