Today's TV Segment (video)

This morning Zara and I touched on how the Fed is supporting the market, and discussed the mechanics behind the high frequency trading phenomenon that has captured this week's headlines. In my rush to fit enough in to give you a basic understanding (click here for the article I posted Monday on the topic), I made a couple statements that need correcting: The first was my second reference to a trade in ADM (Archer Daniels Midland): I said "million" where I should have said "shares". The second being my reference to a conversation with a client where I suggested that high frequency traders probably would be in front of their particular trades if I were to entirely turn over their portfolio: while that could be the case, I can't know that it is probably the case. Click here to view...