If you think investors’ shattered confidence in the markets is about a single trader who may have ignited the 2010 “flash crash” by “spoofing,” you may be Wall Street’s perfect customer.
And no, that’s not something to be proud of.
Poll after poll shows market trust in the dumps. Last summer, Better Markets found that 64% of voters don’t trust the markets and 60% support more regulation. A poll by CNBC in March 2014 found 75% of respondents felt the market was “rigged.”
Read the full MarketWatch article by David Weidner here.