Keep your eye on the globe.

Discusses the United States' attitudes of obsession toward financial minutiae. Effect of a temporary uptick in the federal funds rate on the stock and bond markets; Impact of wide and wild intraday and day-to-day stock price fluctuations on investment and trading; Statement that sophisticated computerized program trading, instant access to the exchange floors and pennies-per-share commission costs give institutions an unfair advantage to capitalize on short-term price swings.