Earlier quoted context omitted.
...unless their computers are down. :) Seriously though, although there are plenty of algorithms that crawl news all day and trade accordingly, I still think there is money to be made by watching the news with a financial eye. After reading Google's "A New Approach to China" post (which I saw on HN minutes after it was posted), I specifically remember thinking it would be a good time to go long BIDU. And of course, k…
By definition itself, you can't predict black swan. As they say, day trading is not about making successful moves. It is about making successful moves even when you account for commissions. Reasons everyone is not doing automated trading is because commissions eat up any profit that you can expect to make.
Re: McAfee quarantines svchost.exe on millions of WinXP machines worldwide
#111You can sort of predict some "black swans" (a poor term). But to benefit from them you don't need to predict them, just watch for them so you can see them coming before anyone else.