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High-Speed Traders Rip Investors Off, Michael Lewis Says
The U.S. stock market is a rigged game where high-frequency traders with advanced computers make tens of billions of dollars by jumping in front of investors, according to author Michael Lewis, who spent the past year researching the topic for his new book “Flash Boys.” While speed traders’ strategies, developed over the past decade with help from exchanges, are legal, “it’s just nuts” that they’re allowed, Lewis said during an interview televised today on CBS Corp.’s “60 Minutes.” The tactics are too complicated for individual investors to understand, he said. “The United States stock market, ... (full story)
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- vladputin
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When the facts change I change my mind, what do you do sir
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When the facts change I change my mind, what do you do sir
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When the facts change I change my mind, what do you do sir
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When the facts change I change my mind, what do you do sir
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When the facts change I change my mind, what do you do sir
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When the facts change I change my mind, what do you do sir
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take what you can take, before market take it back
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take what you can take, before market take it back
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"To hold, you must first open your hand. Let go." - Lao Tzu
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