The Stock Market IS Rigged: Here’s Why It Doesn’t Matter
By Seedly • February 6, 2021
Over the course of last month, the financial markets saw the incredible r/Wallstreetbets vs Hedge Funds battle. Source: Pinterest The battle arena included stocks (or is it “stonks”?) such as Gamestop and AMC. And because of this situation, this has led to the danger of many retailinvestors losing their faith in the financial markets. There have been people commenting that the market is “rigged” and that they are losing their faith in the system. The thing is, the market has been rigged for a long, long time but – and this is important – it does NOT matter. And here are two examples to explain why. Example 1: The Libbey-Owens-Ford Case This case involves Joseph Kennedy, the patriarch of the famous Kennedy family in the political scene of the USA. The family includes the US president, John F. Kennedy. In the 1930s, Kennedy played an actual con-game...
