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Those Magnificent Men and Their Trading Machines

Author: Benn Steil, Senior Fellow and Director of International Economics
September 13, 2010
Financial Times

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Those magnificent men and their trading machines,
They trade up, diddly, up, up!
They trade down, diddly, down down!
They stuff lots of quotes, then they empty the screens,
With their up, diddly up, up!
And their down, diddly, down down!

*

Up! Down! Flashing around.
Pulling their quotes, at such speed they astound.
They're, all, raking in green,
Those magnificent men and their trading machines!

*

They can trade upside down with their feet in the air,
They don't think of value, they really don't care.
Ben Graham he would think he had made a mistake,
To see those young men, and the profits they make!

*

Those magnificent men and their trading machines,
They trade up, diddly, up, up!
They trade down, diddly, down down!
They stuff lots of quotes, then they empty the screens,
With their up, diddly up, up!
And their down, diddly, down down!

*

Up! Down! Flashing around.
Pulling their quotes, at such speed they astound.
They're, all, raking in green,
Those magnificent men,
Those magnificent men,
Those magnificent men,
And their tra-ding ma-chines!

This article appears in full on CFR.org by permission of its original publisher. It was originally available here.

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