Philly Fed craters and software bots nowhere to be seen…

My friend Mark has talked about the value of an AI program to scan news releases and trade rapidly off of them.

Naturally I assumed this had been long ago done given all the chatter about computerized trading…

Today, I loaded the Philly Fed release at precisely 10 am and scanned it in about 3 seconds. Then I waited. and waited….

and waited for the news to hit the major blogs and bloomberg, etc.

The market had already plunged on the jobless numbers, but it stayed flat for a full 5 min after the release.

I guess the bots aren’t out there yet…..

Hmmmmmm…..

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