Practicingaccountant, how right you are. Further to what you...

Practicingaccountant, how right you are. Further to what you say, it is absolutely shocking to see the ASX relegated to the status of a tawdry casino for investors and a plaything for high frequency traders.

Sadly, for most of the listed companies on the ASX, long term investing seems to be more and more a quaint habit of bygone years.

Unless the government gets proactive in regulating the marketplace to reduce the advantages technology gives the big players, we can only wonder what this landscape is going to look like in twenty years. If nothing happens, I expect the individual investor and day trader will soon disappear leaving the market to devolve into a battle between hedgefunds. Of course,the government has to first recognize a problem exists and is getting worse but unfortunately, it continues to delude itself in thinking that the market is a level playing field... Or perhaps they think it has all become just too bloody hard to fix.