Breakfast with Benjamin: All eyes are on earnings. Plus: The SEC discovers high - frequency trading , momentum takes out passive investors, AAA credit ratings becoming extinct, new love for emerging markets, six solid stocks to watch this week, overwhelmed at the IRS, and Switzerland votes for the ...
Money manager Brian Schreiner digs into the questions raised by the firestorm over Michael Lewis' book "Flash Boys" and claims that the stock market is rigged and comes up with some answers. Some questions can't yet be answered, though.
UPDATE: War on capitalism targets high - frequency trading
On "60 Minutes," author Michael Lewis made a bland assertion: High-frequency traders, he said, working with U.S. stock exchanges and big banks, have rigged the markets in their own favor. The only surprising thing about Lewis's charge was that anyone could be even remotely surprised by it.
An economic moat provides a gauge of a company's competitive advantages and overall strength, and it is a highly valuable tool for investors of all levels.
UPDATE: Flash Boys forever: Rigging stocks is the American way
Divergent tone of the two famously cost-conscious investment firms illustrate the contentious nature of the technical and political debate over high - frequency trading .