Stock market rigged?

[video=youtube;8RFLIj4a2kw]http://www.youtube.com/watch?v=8RFLIj4a2kw#t=29[/video]

Thoughts? (after watching the video)

 

Cannot watch it right now, but if this is about those guys that trade a thousand times a minute really need to be stopped. That is just straight up stock manipulation.

 

I enjoyed the bit on the guy who was creating the exchange that forbid, through technology, the rapid traders. That was sweet. Is that what you're linking?

 

I'm pretty familiar with this trading (didn't have time to watch the whole video), but the answer is yes and no. Basically they are unquestionably screwing the retail and small institutional investor, but to the tune of a couple of cents a share. That adds up to a lot of money obviously over the whole stock market, but the average investor is probably losing a couple of $ a year at most. It wouldn't be that hard to curtail this trading with regulation though.

I'm a big fan of Michael Lewis. Liars Poker is a great great book. But in the end he is trying to sell books and therefore grossly exaggerates. I read his book on the housing crisis and it was apparent he really didn't understand derivatives and some of his conclusions were just downright outrageous (still an interesting read though). *he's also a huge liberal so keep in mind the political bias*

 

Yes.

 

One doesn't need to be a huge liberal to understand why some people are huge liberals.

 

the simple fact he left Solomon brothers where he was making $250K a year 35+ years ago as a 24 year old to write books tells you he's a different dude than most.

 

I honestly can't understand how people are huge liberals

 

Absolutely. Like he said, that's $300 mil in someone else's pocket.

 

I can fully understand how people can be huge conservatives or liberals. It is a matter of perspective of our world.

 

I don't know how anyone could be a huge proponents of either side. I see them as different wings on the same bird.

 

I sort of agree, but I also think pure libertarianism is the tail of the bird.

 

always the tell of the baptist and the bootlegger, and do gooders who harm

 

In other shocking revelations, professional wrestling is scripted and there is no Santa Claus.

 

I saw him on Jon Stewart. I'll probably read it. I'm a sucker for Michael Lewis books.

 

Slash isn't real either.

 

Elaborate.

 

Perspective...and buffets.

 

Both sides have their talking points to fire up their base. However there isn't much of a difference between the parties, when you boil it down. They're bought and paid for by the same special interest parties to use the force of government to secure their interest of limiting competition through regulations.

 

Poor genetic material.