“The stock market is rigged”

May 26, 2014 in Video by The Manimal

Source: RealEconTV

Michael Lewis: Nobody Understands the Stock Market

High frequency trading exposed

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.