Re: I\'m shocked that these arb threads are still going.
MT2R, I'm pretty sure you're being sarcastic, but the answer to that question is a resounding YES, and it perfectly illustrates chachi's point.
Back 50 years ago, before financial data feeds and the internet, asymetric information regarding data as simple as the trade price history, market depth, or last earnings announcemnt was prevelent. That is much, much less common now, and there is less of a chance for the smarter traders (arbers) to exploit ignorant traders (the books). Now that almost everyone has all public information, there are many more "smart" traders, and that kind of easy exploitation and arbitrage is much harder to come by.
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