Posted on 03/31/2014 12:26:58 PM PDT by C19fan
This month marks the fifth anniversary of the current bull market on Wall Street, making it one of the longest and strongest in history. Yet U.S. stock ownership is at a record low and less than half of Americans trust banks and financial services. And in the last two weeks, the New York attorney general and the Commodities Futures Trading Commission in Washington have both launched investigations into high-frequency computerized stock trading that now controls more than half the market.
(Excerpt) Read more at cbsnews.com ...
YES..... people are buying stuff(actual assets) with currency created fiat.... out of nothing..
Almost as much cotton candy bull sperm as currently being inseminated by the White House..
Not as much but almost as much..
Hillary got “lucky” in the cattle futures market.
Many of our congressmen got “lucky” in the stock markets while in office. Enough to retire as millionaires.
Soros and other big boy billionaires know the markets inside and out and how to influence them.
It’s difficult to compete against insider trading and instantaneous computer-generated transactions.
If you know the markets better than these guys, go for it.
As for me, I’m going to play the lottery or casinos where I know my chances (statistically). Who knows, I might get “lucky”, if lightening strikes once or twice. /s
Of course it’s rigged. And this is the reason people started day trading.
It’s been years, but I read the biography of William Boyce Thompson, who had gotten rich as an owner of copper mines. He was a director of the Federal Reserve Bank of New York from 1914 to 1919 and was twice (1916 and 1920) a delegate to the Republican National Convention. He quit the mining business and had a seat on the New York Stock Exchange. He reportedly said he was going to New York to, “shear the sheep”.
I was reading about his involvement with the Red Cross mission to Russia. This was a means for Wall Street to finance the Bolsheviks.
Do institutional investors manipulate hysterical retail investors for profit in certain sectors? Absolutely!
That said, if you are not hysterical and are not easily manipulated, you can do well in ETF's (which own a basket of stocks). Of course, you must choose the right ETF.
YES
I realized that in the late 60s early 70s. Things have just deteriorated since then.
The only real "option" for outsiders is through participation in large, well managed mutual funds.
Rigged? No. Heavily manipulated, yes.
Why buy and pay for mutual funds and their managers when you can buy the broad market, or the S&P, or the NASDAQ with an ETF which outperforms such mutual funds.
Oh, it’s true there are individual manipulative plays. But, I’m not sure they really matter. Stocks usually reach the floor if they’re worthless. But the market as a whole... I think it works.
One of the best things Graham said, repeated by Buffett, was that in the short run, the market is a voting machine; in the long run, it’s a weighing machine. I’m not a short-term trader, myself.
P.S. We know the markets are manipulated when Jim Cramer on live TV says he can tank Wal-Mart stock...then does.
I place my wife and myself in the "remarably" well class over the past 5 years and over the past 40 years, very well.
Perhaps the super rich do better over all but we are happy with our gains.
Buying a security is like betting in a casino. The house has the odds, but they occasionally allow someone to win in order to keep the suckers at the tables.
If I had made some small different choices I could have more money, but what would I have done with it?
It's not your brokerage firm, because they don't control stock prices. It's certainly not the companies who issue the stock, because their senior officers cash in their options when their stock performs well. It's not the institutional trading desks, because they are competing with each other to make a profit.
It must be the proverbial "they" or "them" that no one seems to know.
watch the gold market. almost every day, just before open, then fed dumps gold contracts to try and keep the price of gold down.
they don’t care about losing ‘money’... since they’re literally printing it.
“they”, “them” and “I don’t know” have been doggin me from the time I was little.
CBS News is rigged. I believe nothing CBS says.
THE Berlin Stock Exchange still exists—as a building,
as an institution with large offices, with brokers and
bankers, with a huge organization for daily announcement
of stock and bond quotations. But it is only a
pale imitation of its former self and of what a stock
exchange is supposed to be. For the Stock Exchange
cannot function if and when the State regulates the flow
of capital and destroys the confidence of investors in
the sanctity of their property rights.
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