[tptacek]

No, most of the people here have no experience in high-end trading. And no, it's not informed by facts. It's very frustrating, but if it's any consolation, it's the same kind of struggle against ignorance that occurs on threads about cryptography (a nerd subject) or language design (another nerd subject).

Personally, I'm not irritated at the nerds (after all, I'm one of them) so much as I am at places like Zero Hedge and Rolling Stone which prey on the ignorance of nerds to drive up pageviews.

[plc]

Agreed, those blogs/publications are horrendous. Just factual stuff that is wrong all over the place. I wouldn't mind if people had concerns, as long as they realize it's a very complicated subject, so maybe they should ask questions, instead of making stupid assertions that are clearly false and try to sound like experts in a subject they've thought about for 10 minutes.

[arthurrr]

Zero Hedge was an excellent site in its early days before it became popular. Most of the good contributors have left the site, understandably.

And Matt Taibbi was responsible for the legendary characterization of Goldman Sachs as a "great vampire squid wrapped around the face of humanity."

[tptacek]

I'm having a very hard time responding to the idea that extraordinarily bad technical reporting on the trading markets is redeemed by colorful writing. Is he a journalist or a poet?

I get it: people like reading this stuff. That's why they write it that way. But I'm saying, like reading it or don't like reading it, a lot of the underlying facts being reported are laughable.