Algorithmic Investors on Wallstreet

eldavojohn writes "Recently, setting up prediction markets that people play was the big thing to guess the future. But is there a chance that computers will replace investors? From the article: 'Quantitative investment managers use a model to identify sets of characteristics for their investments. Computing power is now relatively cheap. Obviously, computing power can access data almost instantaneously and simultaneously. Asset classes and financial instruments within those asset classes can then be screened and investments are selected. They reflect the manager's views.'"

Comments

Re:Reminds me of a movie

[93,000]

I loved that show so much that right after seeing it I went out and drilled my head. Of course, I was young then.

Re:Market News Writing Computers Also

[Intron]

Are these the same guys who figured out how to recover energy from magnetic fields? If they've broken the laws of statistics, physics should be a piece of cake.