Hello, I've been reading up on fundamental analysis to pick the best stocks for long-term investments but I recently learned that over 80% of the stock market is controlled by high-frequency trading bots that buy and sell thousands of stocks in milliseconds based on news headlines and other algorithm logic.
If most of the stock market is now ruled by high-frequency trading bots that do not care about stock fundamentals or long-term investing, does this mean that value investing and other long-term investment strategies based on company fundamentals are now obsolete?
I would like to hear your opinions.
Sources on bots:
Why stock market traders should be terrified of robots in the next decade
How Robots Rule the Stock Market (SPX, DJIA)
The U.S. Stock Market Belongs to Bots
Humans Top Bots in Covid Crisis Electronic Bond Trading Test
Submitted November 13, 2020 at 09:01PM by manekimao https://ift.tt/3eZ1RRZ
