Yesterday the market went into a wild tailspin- pulled out- then is back to swinging like a pendulum. This isn’t anything about “investing” in companies- this is all about betting on horses- and that’s a stupid way to manage an economy. Really- horses and stocks aren’t connected to a predictable financial reality- the one that’s Read More
When the rich do it, it’s smart and capitalism at work. When the masses do it- it’s an affront to the billionaires. A wealthy friend who said “The small investors are doing the same thing the Wall Street/hedge fund people have been doing for years. The Wall Street/hedge fund people got caught on the wrong Read More
Let’s see- GE pays no corporate taxes. We have hedge fund managers collecting billions a year– while making the global economy fail. Angelo Mozilo gets to pay back a pittance of his pay in return for throwing millions of Americans into foreclosure- but no criminal prosecution. Ignore the 10% unemployment figures, ignore the US workers Read More
On the average day on Wall Street these days, more trades are executed than the sum total of trades in 1960. Sure, technology has made trading easier- but, as far as I know- the rules of investing haven’t changed that much. Investing is supposed to be how you make money on Wall Street- that’s why Read More
Our system is broke. It’s now as morally bankrupt as Wall Street. The American dream is now a complete and utter farce and the belief that the people we elect actually “represent” us should be forgotten as fast as they forgot us with this “bailout”. Johnny can’t pay his mortgage for a whole bunch of Read More
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