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Rekenthaler Report

About That Rigging Claim

Michael Lewis takes on the stock market.

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High Dudgeon
Michael Lewis has taken the high moral ground. In publicizing his new book on high-frequency traders, Flash Boys: A Wall Street Revolt, Lewis has dominated this week's investment news, first with Sunday's 60 Minutes interview and then with a long excerpt in The New York Times. In both the interview and the Times article, Lewis claims that the U.S. stock market is "rigged."

Uh-huh.

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John Rekenthaler does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.