Lou Whiteman
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah.
I think spreads would come up.
It's a real mistake to think that any professional investor wants this.
All a professional investor wants is to not get yelled at and go home.
They do not want to be on here.
This is solving a problem.
It's a solution for a problem that nobody really has.
I mean, yes, right now, it's inconvenient if you're halfway around the world to trade stocks in New York Stock Exchange.
But you know what?
People do it anyway.
So, I'm not worried about that.
Look, Travis, I'm going to make a prediction.
If 24-7 happens, the net result is about 10 minutes of the day, you'll have actual price discovery because what these markets will have to do is just do clearing at one time per day that will bring people to the market.
Really, it's going to be not a vast wasteland, but something of a wasteland except for maybe 10 minutes a day.
Right now, we have two 15-minute periods.
That's not better.
Oh, boy, I can day trade my house.
Dan, I'm looking at Rocket Lab, ticker RKLB.
This stock has gone to the moon, you see what I did there, guys, in the past year, up 180% in 12 months.
This week, they disclosed a setback in their new neutron rocket, a tank ruptured during a pressure test.