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This was sent by a member to my email.
Its from Zero hedge, which I have zero time for, but Dennis says its worth a read. I’m too busy at the moment , but here it is …please read and post comments on your impressions.
http://www.zerohedge.com/news/2017-06-14/doug-kass-not-even-algo-creators-know-what-going
I wish I had the 30 seconds back in my life that I spent skimming that article.
Here I’ll sum it up: blah blah blah AI… blah blah blah no one knows what they are thinking… blah blah blah flash crash!
The thing about deep learning is that initially mashine is not programmed with rules and logic. Instead it creates algorithm based on dataset and desired outcome. Concern for some people is you can’t examine the code and determine logic used for making decision.
But seems like AI is better than humans at diagnostic some desiases.
https://www.technologyreview.com/s/604087/the-dark-secret-at-the-heart-of-ai/
God knows but something is coming down the line!
If the markets do fall then I think it will be a mighty crash, but then it is, of course, different this time. If by that we mean driven by ETFs and Algos then yes, and the different will be quicker and more violent than we have seen before. Equally the bounce back could also be quicker, but that depends on how the worlds governments react and if they have anything in the locker?