Hello Michael, out of interest as there is a lot of concern around HFT [high frequency trading] trading firms. What are your thoughts on their impact on the markets?
What’s market behavior? Buyers and sellers? What’s HFT? Buying and selling? Who programmed the HFT? Buyers and sellers?
Note: I don’t condone illegal behaviors, but if you can buy and sell, and if you can’t stop market rigging, and if you are not glued to a screen with day trading insanity, it doesn’t matter from a trend following perspective.