1st July 2010, 10:28 PM
|
 |
Your Elsmar Cove Host
Registration Date: Jan 1996
Location: West Chester - Southern Ohio - USA
Age: 62
|
|
Posts: 22,805
Thanks Given to Others: 7,448
Thanked 4,540 Times in 2,892 Posts
Karma Power: 400
|
|
Wall Street and Stocks - Worth Investing In?
Wall Street and Stocks - Worth Investing In?
"Seventy percent of the volume [of trades on the stock market] is computers that are run by the banks playing ping pong with stocks for 10 seconds at at time..."
"The stock market at this point, which used to be a reflection of the future value of actual businesses in this country, has been turned by our government and our banks into little more than a paper shredding facility [about which] we can make up reasons why it goes up and down," Ratigan said. "But when the computers ... at the banks are controlling the action, most everything else is kind of silly."
Your opinion and/or comments?
Disclaimer: I no not own any stocks or bonds. As some of you know I have (I will not use the term 'invest' or 'investment' which implies I will make money) physical gold coins, but not because I think they will make money for me, but rather because I believe physical gold will keep up with inflation.
__________________
A Search is a terrible thing to waste!
One Test is Worth 1000 Expert Opinions - The plural of anecdote is not data - Correlation does not imply Causation
We can't solve problems by using the same kind of thinking we used when we created them. - Unknown
|
Threaded Mode
