RLM News Show Podcast Blog – August 23, 2013

“The main purpose of the stock market is to make fools of as many men as possible.”
Bernard Baruch

“The difference between playing the stock market and the horses is that one of the horses must win.”
Joey Adams

“If stock market experts were so expert, they would be buying stock, not selling advice.”
Norman Ralph Augustine

“Derivatives are financial weapons of mass destruction.”
Warren Buffett

“The Stock Market is Definitely Rigged!! This is pretty out there to see this affect this many stocks at the same time, high-frequency traders are doing anything to tip the odds in their favor.”
Eric Hunsader

“When the policy-making group met last month, it announced Quantitative Easing Forever — an open-ended, money-printing operation that was supposed to thrill Wall Street. That didn’t happen.”
John Crudele

“The stock market is rigged. Lots of people think so. They think the market exists for the benefit of insiders. This is an old complaint, but it seems to hang particularly thick in the air these days.”
Chris Mayer

“High frequency trading on steroids. Nanex spotted the trading activity when 4% of the traffic volume were for orders by a computer algorithm where none of them ended in a single trade. Quite clearly the intention was to move the market in a certain direction. It’s just another example that the whole financial system is rotten to the core.”
Carlos Murphy