The program placed orders in 25-millisecond bursts involving about 500 stocks, according to Nanex, a market data firm. The algorithm never executed a single trade, and it abruptly ended at about 10:30 a.m. Friday.
This is not my area of expertise so I really don't understand all the nuances of the stock market. I really don't trust what goes on with the financial industry. This story though is quite eye opening.
Is is insiders? Is it outsiders? Was it a test?
I do believe the market is being manipulated for sure. There is no way it can be so strong with all the news that I read and hear. I know that the returns for any investment at the banking level is basically zero so people are still trying to invest to gain some return on their money. I just don't trust any of it at all.
Maybe one of my smarter readers can weigh in with a more intelligent answer or thought on this?