[logicslave]

I used to work on machine learning data to cleanse and productize data sets for hedge funds. I understand the information access really well. It used to be industry only knowledge that the FED QE will pump the market. Now every retail trader knows it. Alot of things that we are taking for granted now, weren't widespread knowledge previously. Hedge funds have less of an information edge than you think. The insider credit card information they trade off of quickly loses alpha. All of the funds own the same data sets and essentially compete away the profits. Alot of their returns come from pure momentum and trend following, which honestly, doesn't take a rocket scientist. We are only at the beginning of the proliferation of information.