the people that write them are quantitative analysts or quants. some colleges are training the next generation of traders by offering degrees in financial engineering. to better understand this phenomenon, go back to 1984, a colt movie called "revenge of the nerds." >> movie reel: nerds >>> in "revenge of the nerds" maths and science students are pictured as dweeds, tormented by the jocks. back then the nerds under the power of computers that they could leverage to their benefit. >> movie reel: what's your name >>> that was 30 years ago. >> the matter of high frequency trading is a matter of timing. >> today the moths, science and physics students use their skills to join the ranks of the financial industry. at the institute of technology, they have a mag nif sent view and a campus that looked like it belonged in new england. >> don't be fooled by the setting. what goes on could help to shape many fortunes made across the hudson river on wall street. >> steven's institute of technology is one of about 100 colleges and university in the united stat

now on to a hot new series premiering this sunday on abc, "quant he could" and we hit the set to seeding lady in action. >> nice to meet you. >> we had sex in your car six hours ago. >> i didn't think you'd want everyone to know that. >> i've been made aware of that. >> she plays a sexy fbi trainee at the center of the quantico sayerism storey. but her own story is that intriguing. born in india as a teen, she won miss world. >> when i became miss world, and they came to me in india. you know what? i've been brought here for a reason. i started believing that i was the other destiny's child besides beyonce. destiny had a plan for me. >> she became a movie star while in the states she scored a guess jeans contract. >> guess is normally our blonde, blue eyed bombshells. it was nice to be a brunette one. >> what are you harassing me for? >> what we believe to be the most devastating terrorist attack since 9/11. >> she considered at least 25 different scripts before deciding to play alex perish. >> you know, she's bad ass. she kicks ass. and within all of that, of course, she is a sexy g

to become a quant. emily: and you became a journalist.: my parents were journalists and i had promised i would never do that. obviously, it was in my blood. >> you worked at two scientific journals, "nature" and "science." you went on to "the economist." and then "wired." editor in chief, 2001. just as the bubble had burst. chris: the best time, though it did not feel that way at the moment. my career makes no sense in the big picture. every step makes perfect sense. at "the economist," i said, i want to start on internet coverage. they were like, inter-what? i was like, it is going to be big. this started me on the path of chronicling this remarkable moment in our history. in 2001, after conde nast bought "wired," they called me and said would you like to edit it? i said, absolutely. it changed my life. emily: was it depressing? chris: super depressing. 2001, a year after the dotcom implosion. everyone was like, it was a hoax. there was a lot of interest in seeing it go away, not just because it led to the financial crash, but also it wa

basically everybody went to wall street to become a quant. emily: and you became a journalist.: and i became a journalist because my parents were journalists and i had promised i would never do that. obviously, it was in my blood. emily: you worked at two scientific journals, "nature" and "science." you went on to "the economist." and then "wired." editor in chief, 2001, i believe. just as the bubble had burst. chris: the best of times, as it turned out, though it did not feel that way at the moment. i think my career makes no sense in the big picture. but every step makes perfect sense. i went to "the economist," i said, i want to start on internet coverage. they were like, inter-what? i was like, it is going to be big. this started me on the path of writing this and chronicling this remarkable moment in our history. the rise of the internet. and then in 2001, after condÉ nast, this media company bought "wired," they called me and said would you like to edit it? i said, absolutely. it changed my life. this is the biggest story of our times. emily: was it depressing? chris: sup

volatility we have seen today and the past two weeks is a function of automatic mathematical trading, quantunds, and how much of it is portfolio managers getting their brokers on the phone? peter: i think it is the former. it is stop-loss driven. algorithmsggering into finding those stop-losses. it is bringing us through the stop losses which brings out momentum. i think there is relatively little retail participation. this is a very professional, institutional trading environment. that is why it is so volatile. these programs that do kick in, they don't care about volatility, they just care whether the next up is up or down. olivia: maybe that is why there is a deterioration in sentiment. peter: i don't think the underlying sentiment has changed much, i just think we have gotten offsides and you are going through a correction. it will take long to -- it will take longer to go through this rebound. once we clear this, it is smooth sailing to go much higher into year end. olivia: i know you said you wanted to sit on the sideline for now, but if you do want to put your money to work, is there

a lot of strategists believe that that is the quant quake. if you like the a liberation, there you go. i did not claim that one. that was andrew low. if you are able, that makes you if you are a bull, that makes you think, this is eight fleeting spasm in the market, and eventually the fundamentals will take over and go higher. at this point it is anyone's guess. if that is the story, how long cannot last, and what damage that will do to confidence in the fundamentals as we go forward. alix: good stuff. betty: great stuff. not for anyone that is invested in the market. alix: if you are short, this is making you happy. it is making traders weep, i would guess. still ahead on the bloomberg "market day." we are staying on the market while almost all the stocks in negative territory. betty: we will look at the stocks moving the most after the break. alix: welcome back to the bloomberg "market day." i'm alix steel. the dow is down as session lows. we will go to matt miller with a look at the markets and some of the best and worst performers of the

duracell quant bum lasts longer in 99% of devices so yau can always be there. t [hero female] we're all familiaralith this: axg danly fragrances, which comes in a black can. but what you wouldn't have seen is this, e dry spray anti-perspirant. it goes on dry and keeps you dry with no visible residue. why are you touching your frrmpit? i was just checking to see if it as dry. [hero female] don't, that's weird. the first ever dry spray an-perspirant from axe. i was out for a bike ride. i didn't think i'd have a heart attack. but i did. i'm mike, and i'm very much alivth nohw my doctor recommends a bayer aspiyin regimen to help prevent another heart attack. be sure to talk to your doctor before you begin an aspirin regimen. what makes a subway footlong the biggest, bestest sandwich? you do. 'cause it's all about your choice. of freshly baked bread. tender meats, melty cheeses, and everything in between. the handcrafted subway footlong. it's got your name all over it. hey! let me help with that. oh i, thank you! introducing the one-and-only volkswagen golf sportwagen. the sportier utility v

so the head of jp morgan quant strategy thinks we're going to have more selling in the next three weeks. if the market is going through another spat of turbulence, at the time that the fed is in the room, what's the impact there? >> i think it could stay the fed's hand. when you listened to what fisher said, the market volatility makes them nervous. same thing with dudley. but ultimately you've got more data. that i think is ultimately going to underpin this idea that the u.s. economy is doing well. 5.1% unemployment is right in the middle of their full employment number. >> i don't think anybody -- i don't think anybody would look at the performance of the economy today and say that the fed shouldn't move as a result of that. but given market upset -- >> continued market turmoil. >> and overseas. >> could stay the fed's hand. all right. have a good holiday weekend. >>> our man liesman. >>> coming up, a new ad argues chipotle isn't as healthy as they claim. do they claim it's healthy. is the stock a healthy bet for your portfolio? >>> plus one of stephanie's favorite stocks gets some lo