Michael Lewis (one of my favorite writers) has a new book out (that I haven't read yet) that apparently suggests the stock market is "rigged." David Merkel (my favorite blogger on things stock market and investing) has a new post (that I have read) that all us folks who dabble in stocks and bonds should read and remember. The whole (not very long) post is worth reading, but here are the cliff notes:
My summary is this: the markets are not rigged. They not efficient; we don’t know what that means. The markets are highly competitive, and that makes them tough.