stock markets. markets made up of stock transactions.
stock. ownership in companies, usually with rights of control.
markets. places where people transact en masse.
machine learning. cyclical patterns coded in algorithms and information.
if machines control “stock markets” and exert cyclical influence, then are they stock markets at all?
no.
they are stock mechanisms.
everything you ever learned about stock markets is useless. the system has adapted. it has transmogrified. the system rules no longer apply. new rules. new game. new winners. new losers.
progress?
no.
regression to the mean.