amdman

What's Wrong with Market Speculation?

If you watched 60 minutes you know that the Wall Street manipulators conned Congress into repealing Depression Era financial gambling laws. Laws that protected us against speculation bubbles, fed by financial gamblers, not investors.
When you let 500 billion in gambling money into a 100 billion market, the dollars drive the market, not the market fundamentals. Want to wipe out gamblers on the other side of a trade, drop or add another 100 billion from another market, make billions on both trades. Jump your billions around dozens of markets, wreaking each in turn, over and over.