Saturday, October 24, 2009

"Free Market" Fraud

In today's WSJ, Jason Zweig writes that "More than two-thirds of stock-market volume comes from high-frequency traders, who can buy or sell in less thant 400 microseconds, or nearly a thousand times faster than you can blink your eye."

Zweig claims that high frequency trading "have helped cut costs for everyone." However, Zero hedege has posted quite a few articles debunking that propaganda.

The upshot is there is no such thing as a "free market."

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