I Told You So – The Market is Rigged!

 I Told You So – The Market is Rigged!

In a recent 60Minutes interview, one of my favorite authors, Michael Lewis, broke the news that the stock market is indeed rigged. He tells the detailed story in his most recent book, “Flash Boys”, about how ultra-high speed computers and lightning-fast networks afford some traders a few milliseconds advantage over the rest of us in trade execution. Though each trade may yield only pennies to the traders, replicated over millions of transactions these can add up to significant sums indeed.  I Told You So – The Market is Rigged!