“The stock market is rigged”
May 26, 2014 in Video by RBN Staff
Source: RealEconTV
Michael Lewis: Nobody Understands the Stock Market
Michael Lewis got skewered for reporting this story.
It’s strange because just about every serious trader knows this is true – and it’s caused many traders to leave the market.
So why the big blow up over the book?
Because the retail customer – the sucker whose cash disappears into the market and magically appears on the balance sheets of the operators – now has the opportunity to learn exactly how he’s being screwed.
