Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street Are Destroying Investor Confidence and Your Portfolio (paperback)

Description

The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007 s disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they ve transformed our markets from the world s envy into a barren wasteland of terror.

Since these events began, Themis Trading s Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don t take prisoners! Now, in Broken Markets, they explain how all this happened, who did it, what it means, and what s coming next. You ll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren t already). But you ll know exactly why you re angry, who you re angry at, and what needs to be done!