Thursday, March 23, 2023

"BLACK BOX" TRADING ENDANGERS THE MARKET

 THE MAX ALLEN REPORT

Volume #03230900                             March 23, 2023

"BLACK BOX" TRADING IS DANGEROUS!

Relying on quirky algorithms and flawed software is dangerous.

In our headlong rush into a world of technology we are indeed going too far when it comes to 'Black Box Trading'.  In the stock markets the practice of Black Box Trading has taken decisions from the hands of the otherwise experienced and knowledgeable traders.

According to Abraham Levine, MBA; "Black Box Trading is a monster let off the chain.  It is already out of control and has brought about havoc in the markets worldwide.  There have been modest moves to reign in this black box, but I fear it may be too late.  Already Artificial Intelligence has gotten its claws into our markets and as such our economy."

BAN THE BOX!

Relying on highly questionable algorithms and software that even its authors don't fully understand is dangerous.  Our nation's economy is the lynchpin of our freedom and security.  Ban the box!

I'm Max, and that's the way I see it!

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