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Spot The Lack Of Difference

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Still believe in humans buying and selling stocks, influencing the machinations of broad-based equity valuations based on their aggregate (rational, frictionless, technical, fundamental, and infinitely liquid) beliefs... then what the f**k is this?

 

[the dark blue line is vwap - the volume-weighted-average-price - a critical level for HFT algos and compyterized market-makers]

 

Is it any wonder the entire hedge fund community has become nothing more than a nothingburger of overpaid beta-chasers?


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