NEW YORK (TheStreet) -- We're gonna keep today's wrap short and sweet, because the chart at the bottom is all that matters.
Traditional media outlets and everyone else continue to offer ad nauseum opinions about high-frequency trading -- not thoughts on whether or not the markets are rigged, but on how rigged they are and how badly we're all getting screwed.
The stock market just keeps chugging higher, making money for buy-and-hold investors everywhere (otherwise known as "Main Street").
Excuse us as we shed no tears for the largest institutions -- many of which invested in high-frequency trading operations after noticing that their traditional source of skim (commissions) has been trending mercilessly towards zero. Please carry on as you were, offering us little guys minute price improvements on our trades and otherwise not affecting much of us at all. Chart of Day = $SPX New High Close on a breakout in breadth (Adv/Dec & Up/Down Vol) http://stks.co/r0AgT -- 361 Capital (@361Capital) Apr. 2 at 02:46 PM At the time of publication, the author held no positions in any of the stocks mentioned. This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
Stock quotes in this article: ^GSPC
No comments:
Post a Comment