Mark Cuban nails it

[redrumloa]

"There will be another crash"

"The only people who know what business Wall Street is in are the traders," Cuban wrote on May 9, 2010. "They know what business Wall Street is in better than everyone else. To traders, whether day traders or high frequency or somewhere in between, Wall Street has nothing to do with creating capital for businesses, its original goal. Wall Street is a platform. It's a platform to be exploited by every technological and intellectual means possible."

And more than a year later, a lot of Wall Street experts are blaming high frequency trading for this month's extreme stock market volatility.