Showing posts with label algorithmic trading. Show all posts
Showing posts with label algorithmic trading. Show all posts

Wednesday, December 26, 2018

Day 3289

The rain is here. It's been pouring for hours now. There is thunder and lightning. The phones are beeping with flood alerts. Dash is scared and confused. He can't crawl under desks and tables anymore and I think he feels vulnerable. I feel a bit vulnerable as well, because I don't know if the roof is going to start leaking again.

I've done all I can. Before the rain started I went up and walked the roof to makes sure all the rips and tears in the elastomer material had been sealed. The new silicon patches have had time to fully cure and they look pretty good. I've got both pumps running now. So far, so good. We'll see if the roof can weather the storm.

At least Dash got one walk today. He certainly didn't get an evening walk. I knew the rain was coming, so I tried to get all my errands finished before the storm arrived. I paid my property tax today, so there are no more bills for 2018. I contacted the manufacturer of my Aeron chair and found out that there are two authorized Herman Miller repair centers in the Dallas area. Both were closed today, but it looks like I'll be able to get the chair repaired whether it is under warranty or not.

I have no idea why the stock market went up 1000 points today. Of course I have no idea why it went down 600 points yesterday either. They say this extreme volatility is caused by algorithmic trading. These automated, computerized high frequency trades make up almost 70% of the overall trading volume these days. This is what happens when we let artificial intelligence take over our lives. It's only going to get worse. AI is here to stay. I hate to think what is going to happen when our highways are filled with driverless cars. There are unintended consequences to everything.

I wish I could go back to 1955. Cars were cool then. Most machines could be fixed by someone of average intelligence. A 30 point move in the Dow was considered a huge day on Wall Street. We certainly weren't backward in the 50's. We already had atomic energy and Wernher von Braun was planning to take us to the moon. The pace was slower though and that was a good thing. I think we've gotten ahead of ourselves by allowing technology to advance faster than we have.

Since I can't turn back time, I live in a crumbling mid-century modern house plagued by roof leaks. I guess I've benefited from modern advancements, but sometimes I wonder. My blog is really no different than the hand written diaries I used to keep long before the Internet was invented. I could actually type much better using a manual typewriter when I didn't depend on spell-check and had to start over whenever I made a mistake. I suspect that my life with dogs would be exactly the same no matter what era I was living in.

They say the skies will be clear tomorrow. I'll be a happy camper if the house is still dry. Dash is almost certain to poop in the bed tonight because he won't go outside in the rain. We'll see what happens. Hey, I made it through 2018. I'm not going to let a little poop and water bother me.

Dash is today's Dalmatian of the Day
Watch of the Day

Friday, February 9, 2018

Day 2969

We're upgrading to a fiber optic network. When the technician came out today, he convinced me that fiber was the way to go. It's three to four times faster than the copper connection I have now for the same price. I'm sure that AT&T will raise the price later, but they keep raising the price on my slower connection anyway. I never did find out why my WiFi has been crashing lately. The technician said I'm getting a good signal and the router seems OK. I suspect that I just have to many things hooked up to my WiFi network. The new fiber optic connection is supposed to fix all this. We'll see. Every time I've upgraded my network before, there have been a host of unforeseen problems. I guess four times the speed for the same price is worth the gamble. Don't be surprised if you hear me complaining later though. It's really hard to get a network running smoothly.

Breakfast was pleasant today. I discovered a restaurant where I could order a child size portion of anything on the menu. The smaller plate was just right and I left happy. I don't know why I never thought of this before. Restaurants almost always give me too much food and since I was trained to eat everything on my plate as a child, I inevitably eat too much. Child size meals are less expensive too. It's a win/win for me.

I was startled  when someone called out my name when I was parking my car at the grocery store this morning. It turned out to be an old friend and former co-worker I hadn't seen in a while. Since we are the same age, I was expecting tales of boredom and retirement. Nope. The guy was driving a brand new Porsche 911 Turbo S Cabriolet and said he was busier than ever. WTF. I kept wondering what I've been doing wrong.

Hey, I'm happy my friend is doing well. Envy is one of the seven deadly sins anyway. Nevertheless, the encounter made me wonder. Why have I essentially given up on business while other people my age still seem to enjoy the challenge? I don't really have any answers. I've enjoyed quite a few years of success, but I know I'll never make a cold call again. I don't really want new business anymore. I just want to be left alone.

With this kind of attitude, I need a stable, non-volatile stock market. I definitely don't need the turmoil we've seen this week. Some people are blaming the crash on Trump and they may have a point. The theory is that Trump's continual bragging about how successful the market was caused more small retail investors to start buying stock. Since market tops are historically defined by a surge in retail buying, the computers that control all the high speed algorithmic trading interpreted the increased activity as a market top and started selling. Once things started to snowball, it was impossible to stop. If you know how algorithmic trading works, this theory seems entirely plausible. One can only guess what new kind of hell our robot overlords have planned for us next.

Much to my surprise, the roofers returned today. I haven't seen these guys for over three months, so I'd almost forgotten about them. I took them up on the roof and showed them what was happening. They acknowledged that the original product they applied never performed as expected and I used this opportunity to try to get the company to put on a whole new roof. As I explained, there is simply no way to permanently fix this roof a few feet at a time. The guys who came out today said they'd talk to the company owner and try to come back in the Spring when it was dry. Who knows how this will end, but I'm going to try to remain optimistic.

AT&T is supposed to install the fiber optic cable and router tomorrow. Home Depot is supposed to give me a President's Day price and a delivery date for a new refrigerator. Also, an arctic cold front is on the way and temperatures are supposed to drop by 40 degrees. It should be a busy day.

Jazz is today's Dalmatian of the Day
Watch of the Day