Skip to comments.Is the U.S. stock market rigged?
Posted on 03/31/2014 8:56:49 PM PDT by Ray76
This month marks the fifth anniversary of the current bull market on Wall Street, making it one of the longest and strongest in history. Yet U.S. stock ownership is at a record low and less than half of Americans trust banks and financial services. And in the last two weeks, the New York attorney general and the Commodities Futures Trading Commission in Washington have both launched investigations into high-frequency computerized stock trading that now controls more than half the market.
The probes were announced just ahead of a much anticipated book on the subject by best-selling author Michael Lewis called "Flash Boys."
(Excerpt) Read more at cbsnews.com ...
Big banks big money rigs everything.
Does a bull emit bull$#!t?
Does a bear defecate in the woods?
The wealthy bankers, Wall Street insiders and they’re co-conspirators in D.C. totally manipulate everything...
The stock market is another welfare program, subsidized to the hilt, and rigged to keep the game going. And that is what it is, another computer game, a virtual reality within the virtual reality of the US economy and the world economy. God help us all when the game breaks down.
I wish I was more articulate to explain this better. anybody who is can smooth it out for me.
when a local crook commits a crime, he gets arrested by the local cops.
if the local cops get out of line, the staties of fbi ge involved.
if the fbi gets corrupt, citizens pressure congress for hearings.
if a congressman takes a bribe, the doj can get involved.
but, if ben Bernanke is skimming the fed, its done in cahoots with people who have reign over congress, the fbi, doj, they don’t answer to anybody. for example, if there is a bildeberger, there is legal body that can arrest them, all the members run those bodies.
so yeah, I believe its rigged and they don’t answer to anybody.
It’s not “rigged” exactly, but the ultra fast frequent traders whole business model is based on, in essence, making a profit by making other buyers pay slightly more than they otherwise would have paid.
The whole thing can be largely fixed by making the electronic “auctions” happen only once every second. Then milliseconds advance knowledge advantages will largely not matter.
big baks == the fed. yes.
you can cause growth orrcession by loosening or restricting the money supply. it’s been done.
Which is why I am holding off on starting my retirement investments.
All of what is happening in the stock market is based on false moneys...Thanks to QE-BS.
The story at the link is a really fascinating read. Worth the jump to the link.
does a one legged duck swim in circles?
but to stash away money here and there into the stock market and hold is probably just insane nowadays....
mutual funds are probably worse...
Does a one legged duck swim in circle? It rigged by the fed, the broker - dealers probably, in most cases do not have inside fed info because if the did, it would be on every Bloomberg hoot(communication tool) yelling to their cronies , friends and families and you know that will be scooped by some media outlets.
Is market minipulation done? Well does ponochio have a wooden pecker?
I can tell you for a cetanity, thinly traded positions are minpulated or gamed depenends on counterparty relationship; almost all bids and offers go through Bloomberg terminals.
Yeah, there is always potential of rigging, but big x factor today is fed policy. Fed policy is a man made disaster in a free market / trade environment.
I listened to them talking about this tonight.....once again Computer enables corrupt practices faster than a blink
Both the insight into the mechanics of the exchanges and the manner in which the front-loading was discovered and how it was dealt with is very interesting.
Been saying this for years
Too add, GS, UBS, MS, Pershing(largerst US security clearing firm ) and others have orders executed out of Jersey City, Hoboken or Weehaken becausec of greater and more capable it and fiber optics. A half a second can be a difference maker by 1-1.5 percent return on large volume trading.. A good spread is usually between 70 to 160 basis points. High doped routing can add 20 basis points. That’s huge in relevancy.
Technology is a difference maker. The old NY building don’t have the tech like Jersey city due to age.
I really don't care if know-nothings are making less money because other know-nothings are using faster computers to make more.
The market works when the participants stop being followers and hangers-on. If you think a stock is worth a certain price, but when the stock is sold below that price and sell when the stock is above that price. Everything else is gambling or skimming.
Are you talking about a Geico commercial?
But to more directly answer your question, I did look it up. Yes, they do swim in circles.
You did fine in your explanation. Making an attempt as saying it a little differently, any member of Congress that tries to take on the banking establishment will not get reelected.