Michael Lewis(stock market is rigged)

I saw this the other night on 60 minutes and it blew my mind how the stock market is rigged and manipulating the normal investor.

https://www.cbsnews.com/news/michael-lewis-explains-his-new-book-flash-boys/

Market is not rigged for the average grinder.  It is for a speed,day-trader.  But for the steady long-term investor and not the speculator (gambler, hoper) all the tried and tested methods still are effective.  People always looking for quick fix and fast buck and easy route.  Make way too many excuses.  Do your research, etc. and you can do fine.  WB and many others didn't make their fortunes in quick volume trades.  Granted some do, and if that is your thing you better step it up.  Otherwise, take your time and all is well.

Everything in this world is manipulated and the rich are the best at it, that is why they r rich....

You really have to think outside of the box, never believe any investment fund manager (unless related to you, like close, your wives brother, etc.) Then, you can't believe Analyst, they are an analyst of that stock because they own it. No other reason to watch and talk about it.

The outside analyst days are over. Smaller one like Maxim, Piper jaffey, and others are making big money inhouse because they manipulate the microtech, smaller stocks in the 1 - 20$ range and market cap of 50M - 5B They control the movement through the buying and selling daily and make money 98% of the days, at least some small amount. They also pound the Yahoo, IHUB, and other chat boards. Go find any 2$ stock on yahoo and try to write something negative about it., especially when they are working it hard. Biotechs ??? Forget it, if they have an upcoming phase II data due out, and like ATHX, a stroke data that is 98% failure rate, try to short it with your TD or Etrade acct ! You cant ! There are no shares to lend, why ? Because TD and Etrade are shorting them as we speak so they can profit from it.

It is just amazing the white collar crooks out there... They post here too, dont believe everything you read on this board either. Go back and look at the pumps on the marijuana stocks last year, do you think all those people actually believed it would run and run again, hell no ! You do have to learn, and as in my case it was a tough lesson. You also have to be patient, that is the hardest part, I think, you buy, knowing it will eventually go up. At least good companies, yet, it floats or moves slowly and you have to wait...

Then it runs from 4 to 20. You may sit at 6$ for 3 months and then it takes off. Yes, you could have boguht at the perfect time, that only happens with the guys controlling it, insiders who have info weeks before you do.

It is a tough game, be patient and start young, never risk on a MAYBE, and stayt in healthcare, you cant lose unless you do something foolish. There are a few I think that if you bought now and held for 20 years investing 30K that you would have 1M dollars. Celgene, Regeneron, Novartis... and others.

Notice that few stocks split now ? Why ? Because it doesnt make the top people rich and that is all that matters now. They can just add shares, give themselves a load more, the board more, the funds more and you gain nothing.