Michael Lewis: Nobody Understands the Stock Market

April 2 (Bloomberg) -- "Flash Boys: A Wall Street Revolt" Author Michael Lewis discusses his book, trading and the stock market on Bloomberg Television's "Market Makers." (Source: Bloomberg)
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[@hfcronin4303]

"Why are you so invested in the idea this is fair?" - i love this

[@rs72098]

To be fair, reporters are always supposed to present contrarian viewpoints. He's likely just doing his job. I doubt he's paid off by the big banks or at least I hope he's not.

[@detoxpsd6848]

I died laughing when he said that.

[@derekkorff-korn7161]

@@rs72098 I think the point is why is the reporter's automatic assessment of the status-quo a fair system. Instead of being smack in the middle, he's arguing for the other side. And it's not to say the reporter's being paid off, but rather he's indoctrinated by the system!

[@MlCKERS]

The reporter's reply was better.

[@ArtHoward]

"Close your mouth and agree with me. I'm a famous author, and if you keep playing Devil's Advocate I'm going to go Alex Jones conspiracy theory on you."

[@NWS189]

Michael Lewis is so intelligent. The interviewers are just human props to make it look like there's "another side" to this discussion. Michael Lewis is able to, with surgical accuracy, unpack, highlight fallacies, and completely dismantle everything that the interviewers attempts to throw at him. This is a masterclass in how to be interviewed on TV when presenting a sensitive subject.

[@rs72098]

Journalists are always supposed to give a contrarian viewpoint. I don't necessarily think there's something nefarious about it. I do think that segments like this aren't shown very often because their sponsors don't want the truth to be known.

[@BP-vr3rt]

Michael Lewis is a clown. Mike Stathis from AVA Research exposed him as a clown. Mike Stathis is the only one in Wallstreet who wrote in paper in 2006 recommending to short Fannie Mae and Freedie prior to their 2008 collapse. Nobody did that, not even false idol Michael Burry. Mike Stathis is the real deal, not these clowns like Michael Burry, Kyle Bass and others.

[@skullhelmet1944]

@@rs72098 I'd have to agree with you

[@jasonli7960]

You shouldn't have the right to interview an author if you haven't read the book.

[@mzenji]

I kind of agree with this. If what the book describes is true and I think it is from my experience inside wall st. tech. you cannot say the market was not rigged.

[@RaymondYocum-uw5hd]

Jason, don't make fun....they can't read. Lol

[@Ukiyo-e-sama]

You are asking too much from interviewers.

[@JamesJansson]

No authors would ever get interviewed then lol

[@tomlxyz]

Nonsense, I'd say the opposite is true. You should have the mindset of someone who doesn't know yet to inform the audience who watches the interview to determine if they want to get the book. Otherwise you won't ask things that are in the book and those who haven't read it won't find out

[@tony.schulz]

This is hilarious. The guy is making a very distinct argument about HFT. The interviewers argue everything except what he's talking about. Then they title it "Nobody Understand the Stock Market."

[@onee]

+Tony Schulz The title should be, "We don't understand the stock market".

[@maximilian333]

+Psalm One I would say to buy a small amount of stock during recessions and do all of the above while containing costs (#1 is drive a cheap reliable small car).

[@hogey74]

I first heard about these maybe 10, 13 years ago? It seems like an obvious bit of bullshit then. It still does.

[@K0ntakt5]

they put a female in, because people tune in when there is a female; it's like how networks put female correspondence in football lockerooms and on the court during basketball games, coaches and players are forced to talk with these bimbos

[@tylernorby4939]

That women had no fucking idea what he was talking about. Just kept arguing without any idea. Guy said he like what technology had brought and then she asks if he didn't. She literally brought 0 value to the conversation and then heavily detracted from it. Get a real employee Bloomberg.

[@MindHunger]

"Why are you so invested in the idea that this is fair???" "Because my network is totally based on the idea this is fair."

[@lynxminx4]

It goes beyond concern for job security in this country. Nothing about America makes any sense at all if the 'stock market' isn't fair. We need to believe there's a reason why we're in this much pain.

[@nategreyson6014]

bribed*

[@sindust150]

Absolutly

[@chavruta2000]

the reporters are either really slow or intentionally trying to blur the issue. He did a fabulous job of re-clarifying. now I'm very suspicious of bloomberg.

[@phoenixzappa7366]

The fact you weren't suspicious of Bloomberg before astounds me. Just incredible. Welcome to Earth. You must have had a long trip.

[@rmondave]

Yes never trust bloomberg he is an inside trader and real carpet bagger. As mayor he bought taxi medallions with not only inside info but direct influence. Aided Uber into NYC as a FRONT RUNNER INESTOR in UBER!

[@b.biscuit6424]

Yes agreed. How could they be SO bad at their job and know nothing at all when trying to ask questions

[@jackglore4043]

now ur are suspicious of bloomberg noww!! lol

[@SM-lt8yr]

TRUE THAT BRO! HENCE, 99% SUBSCRIBERS ARE ROBOTS OR AI BOTS OF 'ALIEN' CALLED 'SUCKERBERG'

[@bidbuytom]

Michael Lewis does a great job in this interview. The idiot interviewers interrupt him and try to mix his words. C'mon Bloomeberg! Respect Lewis he knows what he's talking and writing about.

[@tlgerard]

bidbuytom davidbeinhorn

[@larsorloff3393]

"why are you so invested in the idea that this is fair?"" and those two idiots just didn't know how to respond

[@nkenchington6575]

Why? Because it's their job and therefore their livelihood. Hard for anyone to vocalize that, but deep down, they know it's true. Corruption is insidious.

[@johntuttle9544]

They don't want to admit to themselves they are suckers.

[@noahno]

lars orloff either that or they were flabbergasted by this incredibly aggressive guest attacking a host who literally hadnt said anything yet. Also, it is the hosts job to question and probe so viewers, who are not experts, get the full story.

[@GlorifiedTruth]

Fuuuucckkk...

[@rickdfw5005]

No they are just really stupid talking heads!

[@relinquis]

Lewis is the BEST non-fiction writer working in America today, by far.

[@jackprier7727]

John McPhee is THE best, he may have retired-, but yes. M.L. is also the best interview on radio or t.v.-

[@nickgoehring8159]

And gladwell

[@billmimms]

@@nickgoehring8159 SMH! I LOVE when those two get together and talk. No comparison. Thank you for bringing up Gladwell.

[@dr.manhattan5729]

Michael Lewis is truly a fantastic writer. He took two things I have absolutely no interest in, Baseball and statistics and made it into a page turner. I'm currently half way through "The Big Short" and yet again he's got me hooked on subprime mortgage bonds. Insane!

[@BP-vr3rt]

No he is not, he is a media shill and a clown. Michael Lewis portrayal of Michael Burry as the predictor of the 2008 collapse is demonstrably incorrect. Not only did Michael Burry NOT predict the housing market, Burry hasn't done well since 2008 apparently. Also, Michael Burry made a trade, which is NOT predicting the housing collapse. The only person to do that was Mike Stathis; he wrote about how the whole thing was going to collapse. Furthermore, Stathis wrote about this in 2006. Not to mention he recommended to buy in the exact bottom in 2009.

[@spicytuna830]

People will never believe what they dont want to believe. This made me appreciate Michael Lewis SO much more. And how he raises his voice to shut out the terribly arrogant Bloomberg interviewers. Thank you, sir

[@dougiet.2112]

So true

[@skullhelmet1944]

And it's amazing that people believe things just because they read them if it's important to a person, than that person should do in depth research on the subject so few people actually do research on things

[@bigding8977]

God I love the way Michael Lewis gets in the face of that pansy assed interviewer and says, "WHY ARE YOU SO INVESTED IN THE IDEA THAT THIS IS FAIR???" And the two interviewers just get tongue tied and stammer. This is what it looks like when talking heads meet a real journalist.

[@XenogearsPS]

No they let him explain and talk. Maybe they didn’t understand, but most interviewers would cut him off and move on.

[@alan_davis]

Argumentative "interviewers" putting in asinine and irrelevant points. When people who probably think they are "journalists" actually meet a real one.

[@TheJunmengo]

To be fair it's their livelihood on the line here the idea the market is fair is the reason financial analysis journalism exists he is telling to their face there's no reason for their network to exist any human being would have a hard time gasping that

[@modusponens1094]

Has the system always been rigged? Yes... in different ways. Lewis cleaned the floor with these two. Priceless.

[@kershaw1450]

Why do they have reporters that have no idea about what they're reporting? can they really not find someone with at least some understanding?

[@alexlimcheekeong4447]

+MemeThemeDisser ikr!!!!

[@jtsblocks]

+MemeThemeDisser The video is called "Nobody Understand the Stock Market"

[@Actavian1]

+Joey Thomas so true, this made me laugh a little.

[@GregoryWonderwheel]

+MemeThemeDisser Ha Ha. It's Bloomberg, isn't it? That is the answer to why the talking heads are so uneducated.

[@cebenezer]

+MemeThemeDisser Because if they knew what they were talking about, they'd be working in finance rather than reporting on it.

[@88fjoe]

apparently its these hosts that dont understand the stock market,,,

[@cmcneill60]

+Fang方, Zhou舟 “Joe” real easy to understand stock market?? buy low sell high. cliche i know,but also reality.

[@GFf-en4md]

"Yeah, well, it is rigged" lmao boss response

[@boriszyrianov6121]

This is how robinhood makes money today without fees )))

[@jamespeterson4301]

Michael Lewis is really smart, mixed with over two decades of hands-on experience, and association with the most knowledgeable participants both on and off Wall Street. These reporters (?) appear comatose. Clearly have not read the book, nor do they understand Michael's argument.

[@japhygoldman8856]

"In order to front run, you have to have a client". This shows how totally clueless these TV prop hosts are, completely unaware, or worse, misdirecting viewers from the truth intentionally.

[@jpenneymrcoin6851]

+Japhy Goldman I'm going with intentional misdirection.

[@johngta7172]

bloomberg is part of the fraud

[@irahazda]

Not gonna lie, if I was in Michael Lewis, I would probably been dumbfounded and have no idea how to response. That's a fucking stupid unrelated counter argument by the interviewer.

[@MacDaddy635]

Michael Lewis is a King. A King who destroys these peasants that have Bloomberg in their earpiece saying, "Don't let him prove it is rigged!"

[@parkerpkthn]

I love how people who work in the industry argue that it's not rigged.

[@Beetwate305]

He works in News! News is the same industry

[@vincentconti3633]

Casino analogy is excellent... They skim a little off the top of every gamble!! Exactly what happens in equities and commodities.

[@txbre8758]

Michael Lewis has been made fun of and questioned - when 2020 happened and the Robinhood incident - it proved him right.

[@GaryPotter99]

Kudus to Bloomberg for letting interviews go long and letting guests talk.

[@patrickjtierney5015]

The hosts should be embarrassed with their performance. Michael Lewis is shining a light on Wall Streets shenanigans and their greed , while both hosts are showing their biased allegiance towards Bloomberg and their big Wall Street donors

[@Truth-will-set-you-free]

Patrick J Tierney Bingo! They are paid to promote the toxic practices of a corrupt and rigged system designed to defraud the masses. He is a threat to their very grotesque existence and they squirm like the vile rats they are.

[@rp7r54]

true truth

[@tahneetran1471]

My smart and caring financial professor recommended your earlier book "Liars Poker" to the class; and it's still my favorite must read book .

[@cheery-hex]

good god let the man speak. what these news people know about the stock market probably fits into a thimble!

[@LWJCarroll]

I definatly agree, very frustrating to hear what the man trys to say when these two kept stopping h9m by talking over him....it makes it look to me that stopping him is their intent imo Laurie

[@Remembering-rq6si]

@LW So you can intuitively ascertain who understands the intricacies of the stock market, but lack the ability to spell definitely. Interesting paradox.

[@eudonhickey1374]

The host are so ignorant and bias. Why don’t they keep quiet and listen before they interrupt the guest?

[@sobrevida157]

Because Bloomberg has a horse in the race. I can imagine the producer shouting through their earpieces, "Interrupt him! Ask tangential questions! He's pulling the curtain away! Stop him!"

[@loverandjoy]

Totally agree with Michael Lewis.. Home day traders are the one who really get screwed over.

[@joezabek9526]

These "hosts" are an absolute embarrassment. Do they even understand what "Flash Boys" is about?

[@digitalldesign7895]

Exactly, can't they see what is going on?

[@profearoum]

this is the best and most honest interview in a news room

[@uncleshamus3451]

Thank you Michael. Now I can see what it’s like to talk to trees

[@bobwes57]

Hardwood trees...

[@Piaseczno1]

The trouble with the maples is that they're quite convinced they're right...

[@ConsumeristScroffa]

3:41 "In order to front-run, you have to have a client." I am sorry for Michael for having to go through this interview with these uneducated cringe-worthy hosts. "Front running, also known as tailgating, is the prohibited practice of entering into an equity (stock) trade, option, futures contract, derivative, or security-based swap to capitalize on advance, nonpublic knowledge of a large pending transaction that will influence the price of the underlying security." From Wikipedia. Now try to find where this sentence says that you need to have a client to front-run someone. I really can't believe this. Bloomberg, you are a joke. Find some people who know about the subject before interviewing someone like Michael Lewis. How you can afford to make yourselves look that bad is beyond me.

[@shaduck007]

Why did U lose your composure in Japan over Conan or KarateKid2 fact?

[@grantgupton3369]

In his defense, the author said front-run first.

[@abdalhadifitouri131]

It is assumed the person has a client because they do it themselves first and then others do it. So usually the others are your own client that you recommend this to.

[@bryanboi]

Which part of this is so difficult to understand? I (HFT) sees your order and went ahead to buy off that order. Now you as the original buyer of the stocks is my cx and I'm charging you a higher price for this same stock you saw 2ms ago

[@AbrahamSalazar210]

in other words, insider trading

[@AITech1111]

They should shut their pie holes and let the man speak. Listen and learn.

[@rrdevries100]

"Rigged" may not be the best choice of words. But others having an advantage is absolutely true.

[@eduardoreategui]

I watch Bloomberg and these comment below are right.. the hosts need to be quite(shut up). They get a high profile guest and interrupt him

[@Adrian_Nel]

Not correcting your spelling,but answering your apparent question. Do you mean "quiet"?

[@reprogrammingmind]

@@Adrian_Nel - It's the dysgraphia generation armed with an opinion and keyboard. There is no 'apparent question' or otherwise.

[@habibbialikafe339]

sorry but he interrupted them way more, and in a kind of rude way as well

[@onee]

People who defend HFTs either don't get it, or make money off it.

[@habibbialikafe339]

or respect that they are smart enought to make money, and arent crying about it.

[@v3n481]

I defend HFTs and you are right.

[@jahwni]

Wow these hosts. It's almost like they panic because there is some truth being broadcast on TV.

[@raymondfrye5017]

What?...the hosts were two Mongoloids in the latest stages of aphasia? LOL

[@albertneville8918]

You got it buddy

[@joncan2348]

In order to fully understand the stock market, which is highly related to finance, one would need top notch education/qualification, such as a CFA, MBA or Ph.D in finance from a top rated global business school. Born as a gifted finance genius is another way to fully understand the stock market. Being able to translate this knowledge into money is another story.

[@danreynolds4208]

It's fun watching the masses starting to wake up! Come on everybody! Coffees brewing!!!!!!

[@rickdfw5005]

A now years later we know everything he said is true and the talking heads have no idea even the questions to ask. Stupid press is the biggest problem we face today.

[@safaria12]

Michael Lewis explains how high frequency traders are front running orders. The hosts irrationally avoid the front running issue.

[@ouch1226]

these hosts are totallly out of their minds haha..

[@Philodetachment]

I respect Bloomberg for having shared this.

[@goodmanvolley]

I was a stock broker in 1975 in Dallas TX. The New York traders always knew first what was happening and only after they had traded out of their positions at a profit and the losses were all over the place did we know what happened in Dallas.

[@smeetshah4121]

Equities in Dallas?

[@makedredd299]

2:46 * Casino = Stock Exhange * Poker players = High Frequency Traders * Tour group operators = Banks and the brokers that handle stock market orders. * Tourists = You

[@sfisothecreative]

I love this guy. Wow so informative

[@pdidz7490]

Thank you, Michael

[@boruchgoldman7715]

This aged like a prophecy!

[@amaetfacquodvis2450]

lesson: Dont trade, only invest longterm = over 10 years

[@czadziasz]

So in conclusion, how might we go about eliminating the selling of execution flow, to create fairer stock markets? What would the process look like without these HFT front runners, i.e. what crucial role must otherwise be filled after this layer's current conflict-of-interest aspect gets removed from the system? Maybe creating and mandating exclusively fiduciary brokers?

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still following this informative content cheers Frank 😊

[@Perfectmyself]

His books should be a requirement in every school

[@DocDLH]

It is possible to make money in the market. Some have a built in advantage but think of it more like you and someone else running from a bear. You do not have to be able to outrun the bear. That is not possible, BUT to "win" you only have to outrun your companion!!

[@alphaomega5923]

You have my utmost respect Mr. Lewis for speaking out the truth. Where is the SEC?

[@user-kb1hw2yq2f]

I wish I had this man as my friend.

[@duffgaryduff]

Jack Bogle understood it.... RIP Jack x

[@fredocorleone3280]

When I used to put stock order trades out, I used to put my real limit order trade on the market and then quickly put a very large limit order trade on the other side, which was 10-20% from the market price...then move it slightly closer to the market price, until my real trade was completely picked up. My real trade would get taken quickly by the market-maker computers, because they also saw the huge demand from my other big-order-bait, then I'd simply cancel the other bigger order. You can manipulate the market maker algorithms with really large orders that are somewhat far away from the market price.

[@madjack8893]

They do this too, regularly. It’s called spoofing.

[@TheMASDrummer]

Both parties are wrong but Lewis is very close to right. No single trader is being lied to. He knows the environment he's in and the market is way too large to punish him in isolation. He loses because it's his fault. The market is just a never ending opportunity stream, where large entities win.

[@seanmcconnell2345]

This thread of comments is so much better than the interview. I love how erik tells mike that he read the book but still misunderstood all of the bad stuff being done by the brokers. He then says that mutual funds lose money, and implies they deserve to lose more money. Bloomberg wants it's viewers to lose money and lack understanding. We need more financial sources not CNBC or Bloomberg. That's why generation is buying BTC over stock. Can't dilute Bitcoin at the command of a CEO

[@elhadjiamadoujohnson4166]

If one needs a Phd in physics to understand some of products offered in Wall Street, like derivatives for instance, that means 99% of investors are being fleeced.

[@bwj999]

I have placed orders for low volume stock and watched the asking price/spread to go up a tick each time I raise my limit a tick. Then retreat as soon as I remove the order. Its totally rigged and unregulated.

[@detoxpsd6848]

Sounds like somebody understands the Stock Market. Cmon Bloomberg

[@Misuci]

Thomas Peterffy is telling a big portion of the rigging story.. In 1977, Peterffy purchased a seat on the American Stock Exchange and played a role in developing the electronic trading of securities.

[@LaLabutterfly]

Why didn't he just conduct his own interview?

[@raymondfrye5017]

Conduct his own interview? Well, he could get two "dummies" and "throw his voice", like a ventriloquist. Handy At Suggestions

[@hogey74]

1. Make a list of everyone who strongly disagrees with this guy. 2. Jail them all and seize their ill gotten gains. 3. Use 1 per cent of those recovered funds to pay for their lifetime needs in jail.

[@jeangreenwood6680]

I invest in the market - over 30 years - I would encourage people to invest long term. Is Lewis correct ? Absolutely- 100 percent. You get fleeced at first with trades - best to go with index funds , and some blue chip long term stocks. Great book.

[@tjj9050]

Easy for someone that got in 30 years ago. Tough for young adults that grew up in 08 to now when inflation and housing costs are rampant. Market needs major reform and these financial terrorists have to be jailed.

[@michaelmorse2216]

Use a limit order. Makes no difference if someonee thonks they know what your going to bet on. You want a specific price. And if your lucky the hfts will be active and if they happen to be dropping the stock you want, you'll get a better price than you iriginally wanted.

[@henrylee4856]

“How did that get jacked right in front of my face every time?”. Great question

[@vincentbuscarello1357]

the amount of triggering that ML can do to mainstream wall street people is like 90% of why I consider him credible

[@vx7678]

This guy is brilliant

[@kman4thewin865]

i bought a stock. immediately stock went down in price...I sold it..immediately stock went back up. I had this occur 3 separate occasions without fail. i pulled my money

[@robertmitchell8630]

Dude Just wait till the market crash maybe in next 12 to 18 months Then buy etc spy and qqq hold it for a decade then sell

[@kman4thewin865]

@@robertmitchell8630 i hear that..i can do that!

[@robertmitchell8630]

@@kman4thewin865 Please do It's safe etc why ? The market works on the feds cycle Cutting rates feds inflating the economy Raising rates deflating Remember at the start of the cycle people gradually become confident take on more debts , then the debts becomes too burdensome, people cut down on buying. rates are rising Recession Current June 2019 it's a quandary Feds speaking of cutting rates mid way We see of it expands the stick market a bit more

[@vaidehiraghavan]

both the interviewers are nonsensical and ask Michael questions for the ask of asking questions without any knowledge of HFT nor are they interested in listening to what michael says. dumb...

[@samyu-hsuanlin6349]

The interviewers don't seem to grasp what Michael is trying to say here....

[@sinopino2812]

Michael Lewis is 100% correct here.

[@ra15899550]

The stock market is liken to playing musical chairs: When the music stops ("Margin Call", Jeremy Irons)) somebody's not going to have a seat.

[@ZEPIfriedchicken]

omg can the reporters stop fucking interupting Micheal...

[@vinny1010]

Algos front-run all the time!

[@mohammadbeitsadi]

We invite a guy who knows his thing and we will give him those "wtf are you talking about?" looks every time he says something inconvenient to the narrative we are pushing. Hey, it is no big deal we only have a small audience of millions who will trust a name like Bloomberg with financial information. No harm done :D

[@jlj777]

It is a game being played by the people with the most to stay ahead of most but will never relinquish control of the world unless forced to.

[@Oldmoneydan]

shes gettting frustrated with explaining herself because she doesnt understand the topic and hence has no idea on her own lline of questioning. Which is why shes getting emotional. Worst traders are the emotional ones, then again i dont think she has ever made a trader in her life. ludicrous reporting.

[@celyl]

cannot front run a otm limit sell put order

[@alter3go411]

hehe true true.. but some stocks I just don't want 100+ shares of.

[@celyl]

alter3go true but i'm trading fairly large accounts

[@daveb2759]

I learned stuff. Thanks

[@pokegan52]

Haven’t read the book but I agree with 100 percent.

[@mikejohnr1315]

Lewis did a nice job explaining. Even more impressive was his patience with the hosts .. Why are these guys standing up for a rigged system? Don't you like to see someone with the knowledge come forward?

[@tomr6955]

Look at who they work for.. Conflict of interest..

[@BunneRabb]

That's because the stock market doesn't exist. It's a bunch of competing computer viruses running in some server rooms in NJ.

[@ajg3768]

If market goes down on Monday? Should I buy SPXU short. 2008 $6000 per share. Today $24.???

[@ttraderjim]

Great explaining Michael!

[@leostoltoy]

This seems to be a common theme in American interviews. You invite someone onto the show because they are an expert on something, then you get an interviewer who is by definition is not as well informed about the topic (or in this case two interviewers), then you get the interviewer to berate and talk over the expert without listening to them. Why should I give a damn whether that nobody in the grey suit disagrees with Michael Lewis? You could see the incredulity on Lewis' face... "why are you so invested in the idea that this is fair?" He has to insist that they stop talking and let him answer the question, then when he finishes, the next thing the interviewers say shows they weren't listening ("you're putting white hats on institutional investors", or "And you don't feel good about [electronic brokerage, which he just said was a good thing]")

[@Danielevans2]

So annoying these interviewers aren't letting him talk.

[@garyelder4610]

9:23-9:35, truer words have never been spoken

[@sagewiz5675]

This guy is a genius.

[@user-hr2ij6sl2r]

those reporters, good lord...*facepalm*

[@honprarules]

The hosts seem to not get any of his arguments. Bloomberg hosts are pretty biased against his argument.

[@ladymercy5275]

Bullshit. Everything the hosts did was in perfect alignment with Michael Lewis' argument. If you haven't figured that out, then you're the one who didn't understand his argument.

[@KryzMasta]

Ladies, gentlemen, thank you for coming, please take your seats. I’m mr. Buttworth. Welcome to Missing The Point 101. If you think you’re in the wrong classroom, you’re in the right classroom.

[@russellstauffer2994]

The way to win in the market is to set the price you want to pay, or sell at. Market trades seldom work in your favor. Know when to walk away, when you have made a reasonable few dollars, and can keep a profit. Remember the old Wall Street axiom: Bulls make money, bears make money, pigs get slaughtered.

[@hawkandserpent]

i dont have a stake. ARE YOUR KIDDING!!!!!!!

[@renzosanchez7229]

not even a nugget xD

[@nobody.123]

The market is NOT rigged, in that, it's still a valuable invest tool. It's RIGGED in the sense that there are certain investors who take advantage of other investors. An individual retail investor should not be turned away from the market because it is "rigged" against them, but it's absolutely true that HF traders are taking a small percentage of their trades, as well as their retirement via their mutual fund's and active money managers. It's small, but massive in terms of the entire market. I don't understand why that's so controversial, it's not debatable, and it's about time we make noise and fix the problem.

[@mangzz1]

"I don't have a stake in the proceedings here ".. Talk about projection ! He has everything at stake, cos his employer and bosses do not want the word out there that the market is rigged. Michael Lewis is a best-selling writer who does not need Bloomberg to plug his book.

[@kb6530]

I single handedly control the market. If I buy the price goes down immediately after , if I sell the price goes up immediately after. If I buy and sell it will stay the same so I CANNOT profit. What you should do is buy and hold for a few years , it throws off the algorithms, eventually the system gives up the profit it was supposed to make off you , and eventually it goes up so the big dawgs can make plays.