Blue collar guy

When Everyone Sells, Who Buys?

This is really going to sound extremely ignorant; However, when I was an undergrad taking economics courses such as Money and Banking (what an unsophisticated title) which included explanations of the Federal Reserve System, the stock market, etc. and why they were created...it was fairly easy to understand. What has happened since is even easier to understand.....it is a run away system of theft, greed and corruption that will prove to be the bane of our civilization and end of a Democratic Republic if drastic & severe changes are not made.
Viewed from where I now sit, the entire original purpose of the market has been all but lost..which was to furnish the necessary capital in order for a small business to become larger by persuading investors to furnish the capital by buying shares of stock in a "Corporation".
Fuhget about that simple main and sole purpose as of a long time ago. What we have now is nothing but a legalized means of wholesale gambling, whereby the incentive comes 98% from "growing" the value of the stock by virtually any means possible. Dividends? for the most part have no place, purpose, or existence...the big pay off comes when you buy and sell...often within an hour or less or days.
Now .....we have hedge funds, derivatives, instantaneous programed trading and indescribable and otherwise esoteric means of altering perspectives, messaging numbers, and just plain old simple cheating that will enrich the very smallest part of the population who sticks an untrained foot into the market. It is so wide open that the govt. nor anyone else could ever come up with rules and regulation that protect the innocent. Therefore, only a FOOL will even consider the market UNLESS he or she is fully trained and addicted to playing a game as bad or worse than "Russian Roulette". Today's stock market is the biggest fraud ever perpetuated on the world's working, middle class person trying to raise and provide for a family. God help us all if the population doesn't wake up .....much sooner than later.

The Calm Before the Storm?

Hey Ionie,

Then best you stay in Thailand where you will be safe, sound, and living off the fat of the land ....until someone buries an machete in your neck.
Better yet, come on back home and run for President...you appear to have the right amount of smarts.

Wall Street Breakfast: Must-Know News

For David Wright....
What evidence to you speak of regarding commodities reversing direction lately, I'd like to smoke that pipe for awhile if I can find it-at least the high flyers of the last half yr or so, i.e. POT, MTL, MOS etc.

See Eli remarks above "Gold, platinum, and silver hit 7-month lows on concerns of reduced demand for raw materials. Commodities descend Monday into bear territory, with S&P's GSCI index off 22% from its July 3 highs.

Wall Street Breakfast: Must-Know News

Oh my God......(prayerfully) if someone would only take care of Mr. Billy Mays....you know ...promote him or sumthin, anything but get his voice and manner off the TV ....PULEEEEEEESE!

The Top 5 Looming Financial Issues

I am flat out amazed at all the discussion related to how much is owed and to whom, what the national debt is, what's going to happen when 30 billion Asians finally decide what they want to be when they grow up, how "they" make it impossible for any people to function well politically, financially,or accumulate wealth, etc. in the U.S. Economics, war, etc. and nothing is said about EDUCATION or the lack of it's availability or more accurately phrased, the lack of a populace who could care less about getting educated because they have been raised on a diet of caviar laced with fried fat, high tech games, and shootin hoops, dog fights and preacher teaching the gospel of "God wants you to be RICH" (and unaccountable) at the same time.
Having been born poor in 1931 USA, I was old enough soon after the end of WW2 to realize that without winning WW2, there is no way the USA of today could have reached it's apex of wealth and scattered that wealth about the incrementally growing populace with such ease (compared to any other nation in the world....civilized or 3rd and 4th world nations).
Btm line is that only a war of signficant length and decimation of peoples in the top five (pick a number) most prosperous nations in today or tomorrow's world of the next fifty years...give or take (purely guess on my part) will straighten out many of today's imbalances. A fresh start is needed, although it is highly questionable that the human race, cloned or not will ever learn the ultimate lesson needed to be learned...which is that there has never, ever been any free lunches since the world began with Eve providing an apple to Adam. Not for the earliest cave man, Greek or Roman empires nor the Byzentine. Belief in God or not, there is a price to be paid for everything except death, it comes for everyone sooner or later and if B.O. has his way it will be sooner and more than likely... taxed to the hilt.

Wall Street Breakfast: Must-Know News

People forget sometimes...particular... the losers in the market, that the market itself is composed of many different elements, moving in different directions continuously and at the end of any day there will be many stocks that have move in one direction or another.
There ARE many good companies out there doing an excellent job in the areas and fields they operate in; because they are well managed and alert to all aspects affecting them, including the financial industry at large (which is in a huge mess right now and for at least a probable year). One should never throw the baby out with the wash which is there is always a tendency to do with things in general go badly. The people who pay attention, even small investors like myself will make money most of the time IF they manage to find the "right" companies to invest in and IF they pay close attention to "who's on first" especially when it comes to who they pay for the investing advice they use. Sounds to me like we may have sore loser or two out there. Nobody wins 100% of the time, not even the crooks.....I intend to enjoy my profits by spending a little and investing some more of them in the "right" stocks.

Market Volatility - A Fast Eddy Redux

When! I thought he was talking about me for a brief moment. My name features a different spelling of "Eddy"....thank heaven.

U.S. Markets In For Another Lashing

"The brighter people know that nobody has a clue about the extent of the damage done by subprime."
Precisely! so what are you worried about? a year ago this time, relatively few people knew there was such a thing. Banks had a lot of money to loan, demand had dried up .......so they decided to feed the monster. The monster is not regurgitating a little and all the financial pundits have to have something to write about, thereby stiring the pot. "Much adieu about nothing" in the words of the immortal bard.