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  • Subject: Stock Market Is Fraud
Subject: Stock Market Is Fraud
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Legalized gambling at its finest. Market is rigged against normal people. Rich people have sold their soul to the almighty dollar.

  • 01.03.2013 9:53 AM PDT

I like to play Reach for fun. I hate MLG, campers, armor lock, and team killers because they ruin that fun. Deal with it.

Your name sounds like something I'd want to put on my steak.

  • 01.03.2013 9:54 AM PDT

Most of what I say is sarcasm, the rest is of the highest intellect.

Gambling is legal?

  • 01.03.2013 9:55 AM PDT

I Found OP

  • 01.03.2013 9:55 AM PDT
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  • Exalted Legendary Member

KOTOR

yes i am aledog of alemaxhaxs, no you can not haz sub, no you can not haz me, yes you can haz my boot in yer face

I made 3k the summer after my senior year of high school starting with 300 bucks in grad money. Research what your doing and odds are you will do fine.

Please tell me how this was wrong

[Edited on 01.03.2013 9:56 AM PST]

  • 01.03.2013 9:56 AM PDT
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Foman is my favorite moderator. <3

OP shorted Apple in 2012, and now he mad.

[Edited on 01.03.2013 9:58 AM PST]

  • 01.03.2013 9:57 AM PDT
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Posted by: A Good Troll
OP shorted Apple in 2012, and now he mad.

No, I avoid it like the plague. Not worth it, don't lose money in it and don't make money in it.

  • 01.03.2013 11:13 AM PDT


Posted by: aledog1
I made 3k the summer after my senior year of high school starting with 300 bucks in grad money. Research what your doing and odds are you will do fine.

Please tell me how this was wrong


Niiiiiice.

  • 01.03.2013 11:14 AM PDT
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Posted by: Achronos
Hey, guys, what's going on in this thread?
Someone tell Kivell that he is a lie.


Get WorkPlaced!

Just clicked on thread to see if A Good Troll had posted. Wasnt disappointed.

*Leaves thread*

  • 01.03.2013 11:45 AM PDT

Who am I?

mah twitter

I'm not sure if OP is trying to be a troll, but he's actually right.

  • 01.03.2013 11:48 AM PDT
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Foman is my favorite moderator. <3


Posted by: Make117
I'm not sure if OP is trying to be a troll, but he's actually right.

Elaborate oh Blue One.

  • 01.03.2013 11:49 AM PDT

Hi I'm RT and I like to argue!

Posted by: Make117
I'm not sure if OP is trying to be a troll, but he's actually right.
This.

Major hedge funds and investment banks will contract CIA analysts in their off hours to analyze statements by company heads for signs of dishonesty and use that to inform their investment decisions. This, and the vast amount of other informational resources they have available, mean that the average investor starts with a disadvantage by default.

  • 01.03.2013 11:52 AM PDT

Please do not send me group invites.

Fraud? No. An intangible source of income? Yes.

  • 01.03.2013 11:52 AM PDT

Who am I?

mah twitter

Posted by: A Good Troll
Posted by: Make117
I'm not sure if OP is trying to be a troll, but he's actually right.

Elaborate oh Blue One.
The whole capitalist system is built so that the rich can get richer and poor get poorer.

  • 01.03.2013 11:54 AM PDT

Dear tomorrow, Find some sensibility, Respond to emotion.
Dear Politician, Define sagacity,
All chances of survival are beginning to diminish.
Comedy is no excuse for our own blasphemies.
Mass media, Mass pessimism, Mass Denial.
My television tells me to panic, but I don't think I'll listen.
The apathetic force us to persevere, with their backwards priorities.

lolsocialism

  • 01.03.2013 11:55 AM PDT

Please do not send me group invites.


Posted by: IslocStarkiller
lolsocialism
What? The stock market is socialism? How'd you make that connection?

  • 01.03.2013 11:56 AM PDT

I am willing to bet my life that this is not true and you are an idiot.

  • 01.03.2013 12:00 PM PDT

I gaze upon the stars and see the majesty that is the universe.


EGO mos bulla astrum.

Possibility of getting a lot of money out of a little? Who cares if its gambling it works.

  • 01.03.2013 12:02 PM PDT

http://dictionary.reference.com/
http://thesaurus.com/
http://grammar.com/

I was drinking and reading this through the curved glass, and for a second i thought it said "black market is fraud"

  • 01.03.2013 12:03 PM PDT
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Destinypedia - The Wiki for Bungie's Destiny
Posted by: DEATHPIMP72
Anyone but Foman. He smells like cheese.


Posted by: A Good Troll
OP shorted Apple in 2012, and now he mad.
???

$705 --> $550

I WISH I had shorted Apple in 2012!

[Edited on 01.03.2013 12:06 PM PST]

  • 01.03.2013 12:04 PM PDT
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Foman is my favorite moderator. <3


Posted by: RighteousTyrant
Posted by: Make117
I'm not sure if OP is trying to be a troll, but he's actually right.
This.

Major hedge funds and investment banks will contract CIA analysts in their off hours to analyze statements by company heads for signs of dishonesty and use that to inform their investment decisions. This, and the vast amount of other informational resources they have available, mean that the average investor starts with a disadvantage by default.

There is a wealth of information available to the average investor that wasn't available years ago. The individual investor can analyze the exact same statements the same way a bank can.

Investment banks can not trade on inside information on companies they are working directly with. Because I work at one, there are hundreds of companies I can't touch - my restricted list is miles long.

I'd have Internal Control and the SEC up my ass so fast if I traded on companies we directly deal with.

  • 01.03.2013 12:06 PM PDT
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Foman is my favorite moderator. <3


Posted by: x Foman123 x

Posted by: A Good Troll
OP shorted Apple in 2012, and now he mad.
???

$705 --> $550

I WISH I had shorted Apple in 2012!

That was the September high obviously.

AAPL started 2012 trading at $400 or so, which is what I was referring too :) Buy and Hold for AAPL worked out well in 2012 mostly.

[Edited on 01.03.2013 12:08 PM PST]

  • 01.03.2013 12:07 PM PDT

Hi I'm RT and I like to argue!

Posted by: A Good Troll
Posted by: RighteousTyrant
Posted by: Make117
I'm not sure if OP is trying to be a troll, but he's actually right.
This.

Major hedge funds and investment banks will contract CIA analysts in their off hours to analyze statements by company heads for signs of dishonesty and use that to inform their investment decisions. This, and the vast amount of other informational resources they have available, mean that the average investor starts with a disadvantage by default.

There is a wealth of information available to the average investor that wasn't available years ago. The individual investor can analyze the exact same statements the same way a bank can.

Investment banks can not trade on inside information on companies they are working directly with. Because I work at one, there are hundreds of companies I can't touch - my restricted list is miles long.

I'd have Internal Control and the SEC up my ass so fast if I traded on companies we directly deal with.
That's all well and good but it doesn't really address what I mentioned.

Yes, resources/information available have increased, but that has occurred at both ends of the spectrum. What's now available to Average Joe is also available to the banks. Meanwhile, banks also rent out ex-CIA and engage in high-frequency trading to make money off of the market in ways the individual investor can only dream of.

I wouldn't go so far as to say it's fraud through-and-through, but it certainly is a far cry from a level playing field.

  • 01.03.2013 12:17 PM PDT
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Foman is my favorite moderator. <3


Posted by: RighteousTyrant
That's all well and good but it doesn't really address what I mentioned.

I don't really have a problem with that personally - really you should be more concerned about companies lying in the first place and creating a situation where a hedge fund thinks it practical to pay someone a lot of money to detect those lies.

Posted by: RighteousTyrant
engage in high-frequency trading to make money off of the market in ways the individual investor can only dream of.

Often villified, not really understood.

For one, high frequency trading has narrowed the bid/ask spread for you and me and improved market liquidity. Used to be back in the day, the bid price on a stock was $5.00 and the ask was $5.20 - with the advent of high frequency, spreads have narrowed and created a much less volatile trading market for market order purchases. Nearly every stock has penny spreads now. Hell, most people don't even do limit orders anymore like they used to deal with bid/ask spread issues - which used to cost more per trade back in the day when they executed.


And besides, High frequency trading for you and me would be wholly unprofitable and entirely too risky. Would you be willing to buy 100,000 shares of Apple for $55,000,000 in order to risk market movement to sell for $55,000,100 a few seconds later to capture a penny a share? Do you have the money for it? Would you risk it? I know I wouldn't. Trading firms spend millions developing these systems, and a lot of them have lost a lot of money on trades and trade directions gone wrong.

[Edited on 01.03.2013 12:37 PM PST]

  • 01.03.2013 12:28 PM PDT

Hi I'm RT and I like to argue!

Posted by: A Good Troll
Posted by: RighteousTyrant
That's all well and good but it doesn't really address what I mentioned.

I don't really have a problem with that personally - really you should be more concerned about companies lying in the first place and creating a situation where a hedge fund thinks it practical to pay someone a lot of money to detect those lies.
Lying when it is advantageous to do so is human nature, unfortunately; that's never going to change.

I don't really have a problem with it (ex-CIA doing work for bankers) per se, in the sense that I can't imagine any acceptable solution. But it does provide a handy example of how the scales tip in favor of the wealthy and powerful.

That HFT has done some good things doesn't make it a good thing necessarily. And that too is totally irrelevant to my point that HFT is simply another revenue channel for Wall St. that is inaccessible to the average investor, which is another example of tipped scales in the realm of investing.

[Edited on 01.03.2013 12:55 PM PST]

  • 01.03.2013 12:55 PM PDT