Comments on: 2008: THE YEAR THE FREE MARKET DIED http://hybridvigor.org/2009/01/07/2008-the-year-the-free-market-died/ Improving decisions and outcomes through collaboration and deliberation Sun, 14 Feb 2010 23:08:49 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Denise Caruso http://hybridvigor.org/2009/01/07/2008-the-year-the-free-market-died/comment-page-1/#comment-12421 Denise Caruso Mon, 12 Jan 2009 16:53:44 +0000 http://hybridvigor.org/2009/01/07/2008-the-year-the-free-market-died/#comment-12421 I think this is exactly right, and regaining trust is going to take a long time after this. One of my concerns is how to pry the trading community off its short-term thinking, which continues to whipsaw the market unnecessarily. I have always distrusted the 'gaming' aspect of stock trading -- in the world I care the most about, technology innovation, it is anathema -- but today, as we start to rethink and rebuild what we mean by markets, it is wreaking tremendous havoc and damage by creating and maintaining the equivalent of economic quicksand. I think this is exactly right, and regaining trust is going to take a long time after this. One of my concerns is how to pry the trading community off its short-term thinking, which continues to whipsaw the market unnecessarily.

I have always distrusted the ‘gaming’ aspect of stock trading — in the world I care the most about, technology innovation, it is anathema — but today, as we start to rethink and rebuild what we mean by markets, it is wreaking tremendous havoc and damage by creating and maintaining the equivalent of economic quicksand.

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