Reply With Quote
so after all this bull song and dance
the stock market if no better than taking your lifesaving to Vegas and betting it all or Red.
"US economy" its nothing but one spinning roulette and a bouncy ball
watch the ball bounce monkey
is rigged son
US stock market is rigged by high-speed traders, says Michael Lewis
The US stock market is rigged in favour of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to the acclaimed author Michael Lewis.
In his new book Flash Boys: A Wall Street Revolt, Lewis says that firms are using their speed advantage to profit at the expense of other market participants to the tune of tens of billions of dollars.
"They are able to identify your desire to buy shares in Microsoft and buy them in front of you and sell them back to you at a higher price," Lewis, whose book is available on Monday, said on the television program 60 Minutes on Sunday.
"This speed advantage that the faster traders have is milliseconds, some of it is fractions of milliseconds," said Lewis, whose books include The Big Short and Moneyball.
High-frequency trading (HFT) is a practice carried out by many banks and proprietary trading firms using sophisticated computer programs to send thousands of orders into the market in an instant, executing a small portion of them when opportunities arise to capitalise on price imbalances, or to make markets. HFT makes up more than half of all US trading volume.
The trading methods and technology that make HFT possible are all legal, and the stock exchanges HFT firms trade on are highly regulated.
so after all this bull song and dance
the stock market if no better than taking your lifesaving to Vegas and betting it all or Red.
watch the ball bounce monkey
and Paul won't do a damn thing about it.
I would like to see all short tern stock trading made illegal. Have a minimum number of hold days once purchased. Perhaps 30 days.
neither will ObamaGod imo
Paul would have done something about it had he come into power at some point in time
nah i say just do away with shorting and borrowing on margin. leveraged etfs. complex options besides your basic spreads. its all just extra work for us lol
There was a short trading rule removed in 2006, or 2007. I forget the details after all this time, but I was against it.
Where does Che put his money?
Take note anyone with a little extra lettuce.
The fact that HFT is nothing but front-running skimming is old news but I'm glad that it's going mainstream.
not in the stock market. If I wanna gamble with my savings I rather go to Vegas, probably better odds there
Answer the question.
Works for me.
Thing is, any or all rules against certain kinds of trading are attempted, the financial types will threaten to withhold their PAC monies from whoever supports the 'regulation', and ALL pols will collapse in the face of it.
This is why the inequality, the poverty, the social/economic immobility created by the oligarchy gaming the USA will all get worse, much worse, since the oligarchy (and their shills the tea baggers) blocks all attempts to reduce their priveliged, protected, gamed status.
So who has money in the stock market, who has a 401k? C'mon now...
401k???
wow you believe in that sham too?
401k is nothing more than a sham created by the finance sector to make gazillions off of moronic rank and file people like you or me. They are the ones that have made the fortunes while regular americans barely are able to save peanut after peanut until they are 65 and barely have a 6 figure # in the 401k.
So where does your money go Mr. Buffet?401k???
wow you believe in that sham too?
401k is nothing more than a sham created by the finance sector to make gazillions off of moronic rank and file people like you or me. They are the ones that have made the fortunes while regular americans barely are able to save peanut after peanut until they are 65 and barely have a 6 figure # in the 401k.
Which checking account? The one with 0.09% interest?
The stock market is rigged.
Insiders, frequent traders who get ahead of big ins utional traders
Keep going...
So where do you put your money?
That is safe and has a better return over the long haul?
Answer...
This haven does not exist.
Last edited by pgardn; 04-01-2014 at 09:42 PM.
At last check, I've got a -ton in my 401k avg a 6% return.401k???
wow you believe in that sham too?
401k is nothing more than a sham created by the finance sector to make gazillions off of moronic rank and file people like you or me. They are the ones that have made the fortunes while regular americans barely are able to save peanut after peanut until they are 65 and barely have a 6 figure # in the 401k.
Looks like we're both victims of this 401k scam. This year I'll contribute about $2.8k to my 401k while my employer will contribute 6k.
But Che is worried because you could have made more if the market was totally fair.
And I'm waiting on that better investment vehicle... He has the inside scoop on some bat fertilizer from a cave.
Stock market is on a run....Spurs are on a run...
CoincidinK? I think not...
http://www.bloombergview.com/article...-rigged-marketThe technology behind HFT may be complex, but the math is that simple. Once the Securities and Exchange Commission allowed stock exchanges to share with traders all of the unexecuted incoming orders, it was hard not to make money by skimming a few cents or fractions of a cent from each trade. Several years ago, the founder of Tradebot, one of the biggest high-frequency firms, had said that the firm had “not had a losing day of trading in four years.” The firm’s average holding period for stocks is 11 seconds.
NPR did a very good segment to illustrate how time traders illegally anticipated purchases then bought and immediately sold the stock back at small profit that added up over time. They homed in on big traders of course.
Needs fixing no doubt. But even rigged it has proven profitable for individual investors who use big firms like Vanguard over time. One can always buy bonds or put money in a savings account. But that has the KNOWN quan y that your money will be lent out at a much higher rate.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
