US Stock market "Rigged"

[thethe]

http://finance.yahoo.com/news/high-s...040100829.html

I have believed this stuff for a while. We are all being robbed blind.

[weso1]

I don't understand any of that. I do think it's pretty clear though that there are people who know how to play the game, and the rest of us that don't. The stock market is extremely complicated.

[zitothebrave]

I don't understand any of that. I do think it's pretty clear though that there are people who know how to play the game, and the rest of us that don't. The stock market is extremely complicated.

Stock market isn't complicated, it's built to consolidate wealth. Rich get richer on you.

[thethe]

I don't understand any of that. I do think it's pretty clear though that there are people who know how to play the game, and the rest of us that don't. The stock market is extremely complicated.

When you know what the demand of a certain security or group of securities is prior to the regular investor then you have a DRASTIC advantage.

We are literally being robbed of billions of dollars and nobody does a thing about it.

There is going to be a revolution soon enough. Its things like this that really have be going back and forth on my economic beliefs.

[thethe]

Stock market isn't complicated, it's built to consolidate wealth. Rich get richer on you.

Yup, and the consolidation of wealth is always a precursor to instability.

[weso1]

Stock market isn't complicated, it's built to consolidate wealth. Rich get richer on you.

I just mean all of its nuances are complicated. You gonna tell me you know how to create a computer program to figure out the quick trades in the market?

The stock market, the fed and the arrival of the internet and all its associated technologies have all combined to consolidate wealth. Also, the housing crash and its associated recession has created a temporary spike in wealth consolidation.

[thethe]

I just mean all of its nuances are complicated. You gonna tell me you know how to create a computer program to figure out the quick trades in the market?

The stock market, the fed and the arrival of the internet and all its associated technologies have all combined to consolidate wealth. Also, the housing crash and its associated recession has created a temporary spike in wealth consolidation.

Did you read the part where the tech company spent 300 million dollars to just gain microsecond faster information. When you are a high volume trader that short period of time results in millions of profits.

[Krgrecw]

Thethe, this is all due to the advancement of technology. Figured everyone knew this was going on.



It's really no different than a calculator. It can do mathematical equations in under a second that would take us a while by hand

[thethe]

Thethe, this is all due to the advancement of technology. Figured everyone knew this was going on.



It's really no different than a calculator. It can do mathematical equations in under a second that would take us a while by hand

I don't see how this is similar at all when you consider that these high frequency traders are shaving billions worth of profit from the average investor. This is disgusting and is why so many in this country believe the wealthy are evil scum.

[Krgrecw]

Aren't you an accountant? If you got paid per an account you'd be able to do a lot more accounts then someone did before calculators? Correct. So you'd be making more money because technology helps you do your job better. Should they complain because you make more? All you did is use a 'device' to help you get done faster and make more money.





If slickdeals.Net has a good deal on a tool set you and I both want but your on some turbo extreme fast as **** internet and I'm
On dial up, you'll be able to get to the site, click a link and buy it faster than I would. Is that fair to me? Nope it's life.


You're just looking at the word 'billions' and getting pissed at the rich when technology gives you more advances than most have

[thethe]

You are conveniently glossing over the fact that this technology is allowing the high frequency traders to become a middle man on sales that they have no business being in. Its absolutely shaving profit away from the middle class and accomplishing exactly what the wealthy want. To take all the money and keep it from themselves. Its absolutely outrageous and I can't understand how ANYONE can defend this with some an example as you are describing.

They have basically found a way to travel back in time and trade in the present with future information.

[gilesfan]

You have every right to buy whatever stock u want or pay Merrill lynch to be ahead of the game for you.

[thethe]

So you are fine with trading on not public information then?

[zitothebrave]

You have every right to buy whatever stock u want or pay Merrill lynch to be ahead of the game for you.

Then when an exec short sells the stock to make a profit you lose money 2 ways.

[thethe]

Then when an exec short sells the stock to make a profit you lose money 2 ways.

Some people will blindly follow an ideology regardless of new information that comes out. Its a shame.

[Oklahomahawk]

Oh and don't forget Congress can insider trade all day long and twice on the weekends now, totally legally!!! Isn't it absolutely disgusting how the American people and their MTV video attention spans lost all their righteous indignation about that absolute effing fraudulent crap???

[gilesfan]

Some people will blindly follow an ideology regardless of new information that comes out. Its a shame.

My stock accounts are doing well. I'm happy.

[thethe]

My stock accounts are doing well. I'm happy.

As are mine. But should they be doing better is the question. Just because you are making higher than average returns doesn't mean you still aren't being robbed.

[zitothebrave]

My stock accounts are doing well. I'm happy.

And that's how they get you. They make you think you're doing something special to keep you happy while they steal from you. If someone shaves 10% off the top and tells you you're getting richer, you'll of course be happy.

[thethe]

And that's how they get you. They make you think you're doing something special to keep you happy while they steal from you. If someone shaves 10% off the top and tells you you're getting richer, you'll of course be happy.

And people like GF will just eat it up. This is disgusting. Just being robbed blind.