U.S. stock markets are rigged, says author Michael Lewis

[Chuckt]

U.S. stock markets are rigged, says author Michael Lewis

(Reuters) - The U.S. stock market is rigged in favor of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to Michael Lewis, author of a new book on the topic, "Flash Boys: A Wall Street Revolt."

U.S. stock markets are rigged, says author Michael Lewis | Reuters

 

[EconChick]

Looks like an excellent book. Can hardly wait to read it!

 

[EconChick]

Oh, and Crony Capitalism is bullshit. Needs to stop.

 

[Toro]

They've always been rigged. Always.

What I mean by that, and what Lewis means, is that they're rigged by insiders to take a tiny piece from you. All those tiny pieces they take add up to substantial profits for the insiders. That's been true since they set up the first stock exchange over 300 years ago.

That doesn't mean people shouldn't invest in stocks though.

 

[Moonglow]

Casino's are rigged also.....

 

[OnePercenter]

Casino's are rigged also.....

In that the odd's are to the house.

 

[OnePercenter]

' U.S. stock markets are rigged', No shit!

All financial markets are rigged.

 

[realinvestment]

U.S. stock markets are rigged, says author Michael Lewis

(Reuters) - The U.S. stock market is rigged in favor of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to Michael Lewis, author of a new book on the topic, "Flash Boys: A Wall Street Revolt."

U.S. stock markets are rigged, says author Michael Lewis | Reuters

Much of this seems like old news. They sneak in front of you due to paying for the advantage of the speed of light. But at the same time, the bid and ask are much closer than the past, there is more liquidity.

I'm looking for evidence of outright share price manipulation. Does this go on, and how do they do it?

 

[OnePercenter]

U.S. stock markets are rigged, says author Michael Lewis

(Reuters) - The U.S. stock market is rigged in favor of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to Michael Lewis, author of a new book on the topic, "Flash Boys: A Wall Street Revolt."

U.S. stock markets are rigged, says author Michael Lewis | Reuters

Much of this seems like old news. They sneak in front of you due to paying for the advantage of the speed of light. But at the same time, the bid and ask are much closer than the past, there is more liquidity.

I'm looking for evidence of outright share price manipulation. Does this go on, and how do they do it?

It is old news. It's a one percenter selling his book.

 

[TheOldSchool]

I believe it. That's why the best strategy is to always let a broker do everything for you.

 

[Mr. H.]

U.S. stock markets are rigged, says author Michael Lewis



U.S. stock markets are rigged, says author Michael Lewis | Reuters

Much of this seems like old news. They sneak in front of you due to paying for the advantage of the speed of light. But at the same time, the bid and ask are much closer than the past, there is more liquidity.

I'm looking for evidence of outright share price manipulation. Does this go on, and how do they do it?

It is old news. It's a one percenter selling his book.

...says the owner of not one, but two Teslas.

 

[OnePercenter]

I believe it. That's why the best strategy is to always let a broker do everything for you.

The best strategy is to never invest unless you understand everything about the investment.

 

[OnePercenter]

Much of this seems like old news. They sneak in front of you due to paying for the advantage of the speed of light. But at the same time, the bid and ask are much closer than the past, there is more liquidity.

I'm looking for evidence of outright share price manipulation. Does this go on, and how do they do it?

It is old news. It's a one percenter selling his book.

...says the owner of not one, but two Teslas.

I have no books to sell.