Keep a good measure on alpha

Rabobank: Many Are Questioning The Point Of Having A Market If The Fed Is Backstopping Everything

With accurate money three variable determine the price of a company, savings, loans, and default risk. If those are accurate, the stock market is not needed. A good AI bot can look at the history of transactions and make a good guess at value.

In fact, the stock market was likely invented in response to bad central banking. The idea of the market was to minimize the effect of money volatility and compare alpha directly. But the market is caught in the permanent arbitrage that is the primary dealer system. So finance has to add a couple of tiny Greek letters to correct alpha. The extra letters an be considered spectral sidelobes from an foul sampling money system, a money system with varying market share due to inaccurate pricing.