I have always naively believed that the NYSE was the fairest game in town. My father, who was a great influence on my investing patterns told me to never ever invest in the commodities market.
I have been tempted, but took my father's advice. He felt that the commodities market was also a “rigged game.” When I read about how much money Hillary Clinton had made on cattle futures, I said to myself that my dad was right in warning me to keep from investing in this institution.
OK, so now are we going to find out how badly the commodities market was “rigged” so that the George Soros (aka rich and powerful) could fleece the peasants?
I hope that the folks at the NYSE are shaking in their boots, as I have come to believe recently that that market is also not as level a playing field as I had once thought. The recent revelations about how politicians trade and gain money on insider information regarding legislation has shocked me and what I use to believe.
Still it is probably the “most level playing field in the financial world, but still far from level.”
Oh well, it will be interesting to watch how this turns out and if full disclosure occurs or if the rich and powerful are protected.
Maybe ‘flash’ trading gave you a clue to corrupt practices. I still can’t find where it has been banned by SEC and talk about banning it began in the middle of 2009.
When you sit down at the table to play, look around at the other players. If you can't pick out the fish.....it's you.