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overtheedge
Member since May 2012
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Markets are Rigged and the Media Acts Like That’s News - James West - Midas Letter

Well said, but let us not forget the rest of the story.

I contend that every participant in the market has stared at their computer screen more than once and wished someone would push their stock either up or down. In effect, wished someone else would manipulate the price for personal gain.

Ergo, the hypocrisy of complaints about market manipulation.

Humans, so predictable!

Commented 3873 days ago

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Beginning of the headline :Michael Lewis’ new book Flash Boys is causing a bit of a ruckus, and he’s being paraded out onto mainstream media stages everywhere as if the book’s message is nothing short of a brilliant revelation. The premise – that High Frequency Traders’ exploitation of deficiencies in electronic trading systems constitutes a rigged market – is neither revelatory nor relevant, in the big picture. Its funny, but the sound bite that is the summary of the book’s content – “Markets are rigged” stands more as a... Read More

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