Like sitting on pins and needles
Things fall apart
It's scientific
--Talking Heads
While it is well known that today's investor has a shorter time horizon, the below graph (source here) provides perspective on just how much average time horizon has changed.
Fifty years ago, average holding period of stocks was 5+ years. Average holding period has been declining since the late 1970s. Now, stocks are held less than a year on average.
Note that during the 1920s, average stock holding period was also low.
What might the 1920s and the last 20+ yrs have in common?
position in SPX
Friday, August 17, 2012
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Ultra Low Latency Direct Market Access (ULLDMA) systems can currently handle high amounts of volume and boast round-trip order execution speeds (from hitting "transmit order" to receiving an acknowledgment) of 10 milliseconds or less.
~wikipedia
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