Still Trusting Your Retirement To Wall Street?
Check out this article entitled "Real People Say 'Screw You' To The Markets" over at Market-Ticker.org. It is written by a trader who is lamenting the fact that computer programs have taken over the markets, and in the process, driving out the human element. Now, I can't comment on all the technical jargon found in this short article, but I can appreciate the following:

"All that's left is the computers. The humans have gone home. True liquidity and participation has ended. The people have given up. This is not an isolated incident - as I write this I'm seeing it literally minute-by-minute, and it's been very common all month. A few minutes ago I saw seven contracts on the bid at the money. Seven - at 9:57 (ET) in the morning.

The fraud, the phony bids and offers and the high-frequency ripoffs have driven everyone away.

Go ahead politicians, tell us how important "Wall Street" is to the economy and to you. Let the thieves and liars continue to pollute the markets and screw everyone. Volatility is as high as it is precisely because people are tired of getting buttraped and after a few instances of it they simply say "screw this", take their money and go home.

They don't need the markets, the markets need them, and they're gone.

With no depth in the market huge moves become commonplace and are essentially impossible to trade.

I've never seen the market this illiquid during the day as it has been the last few weeks. It's ridiculously bad and getting worse. When you see two-digit bids and offers during the trading day in the stack you may as well be playing with a loaded six-shooter pointed at your own head - you can't possibly trade ahead of these jackasses and they can and will steal your money,******your stops and then reverse the market right out from under you before you can react. All you do is churn your account and waste your capital.

Don't even try to "invest" in this market folks, and if you decide to trade, realize that you're playing in a rigged casino and the entire force of the government is not only behind rigging the casino but explicitly endorses and permits the rigging to go on and continue, despite being fully-aware of it.

Remember, "Wall Street is Main Street" to them - and if that means your retirement and investments get destroyed that's just fine provided that big buildings in downtown Manhatten continue to be infested by the thieves guild that pumps tithes into campaign coffers."

This guy is as cynical, nasty and mad as I am. What a great guy! He has on no rose-colored glasses and sees the politicians and financial elite for what they are. How refreshing to hear someone so politically incorrect!