You know something isn’t quite right in financial markets when you start reading articles in mainstream newspapers about newly minted millionaires who made their fortunes day trading. Right on cue, the NY Times recently ran a story about a former logistics manager at Target, who has become a multi-millionaire day trading volatility. If you’ve wondered why markets are so calm and why volatility has been so subdued, this piece offers some insight. Each morning, at the market’s open, Seth M. Golden, a former logistics manager at a Target store, fires up the computer in his home office in … [Read more...]
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