Daddy, what is wall street?

[OwnyTony]

  It was in response to what you said about people gaming the system.  Which you said, was reflected in the monkey analogy.  I'm disagreeing with what you said and that comparison to the stock market.

And I said, the part about supply/demand in that story is very reflective of the econ concept. 

And so CEO's dont do accounting tricks to inflate the value?  Not the value/price on what it should be.  The here and now how they can "game" to system so that stocks are posted at a manipulated value.  They cant do that forever of course.  What goes up must come down (unless it is real, true growth).  My opinion, stocks have come to a state where they need to be reset.  It is all about gaming the system now.

[DucPete]

And so CEO's dont do accounting tricks to inflate the value?  Not the value/price on what it should be.  The here and now how they can "game" to system so that stocks are posted at a manipulated value.  They cant do that forever of course.  What goes up must come down (unless it is real, true growth).  My opinion, stocks have come to a state where they need to be reset.  It is all about gaming the system now.

reset?  reset to what?  This is ludicrous.  It's not gaming the system.  The system isn't perfect and we are constantly making changes to how it is governed.  Like book keeping. 

As I said before it's not about what the company is worth now, but what people think it will be worth tomorrow. 

I'm not so sure you really understand how the stock market works.

... you understand that the stock market =! the economy.    Right?

[OwnyTony]

.....Ok, let me be clearer for you.  The idea that the villagers are investors in the market isn't very good.  Unless it's to show how there are some people who blindly invest in the market expecting a return just because.  An informed investor should do the research to know what exactly they are putting their money into.  The stock market is not a system that is "gamed".  Generally speaking, just because someone loses money when they expected to win doesn't make the system unfair.   There are rules in place that are supposed to prevent abuse from happening.  If you have a beef, take it up with the SEC, NOT the stock market in general.  There are always going to be thieves and crooks.  That does not make the system corrupt or broken. 

The system is corrupt and it is broken.  
The system is being gamed.  The fed "games" the economy.  And im not talking about poor joe schmoe who expected to win but lost.  Im talking about people on the inside who know what is up.  People are not honest. People are corrupt.  

I make these blanket statements because they reflect how i view the world.  I dont expect you to understand them the way I see it because we have not had the time to personally know each other to know where we come from so that we can not fully or comfortable accept what we say to each other at full face value.

One statement I will say about myself that may help you understand where I am coming from

I like to see the glass as half full but that does not mean that I am foolish enough to not see the glass half empty.

[OwnyTony]

reset?  reset to what?  This is ludicrous.  It's not gaming the system.  The system isn't perfect and we are constantly making changes to how it is governed.  Like book keeping. 

As I said before it's not about what the company is worth now, but what people think it will be worth tomorrow. 

I'm not so sure you really understand how the stock market works.

... you understand that the stock market =! the economy.    Right?

Business cycle.  Sometimes, the system has to crash. Rather we like it or not.

[TiAvenger]

And so CEO's dont do accounting tricks to inflate the value?  Not the value/price on what it should be.  The here and now how they can "game" to system so that stocks are posted at a manipulated value.  They cant do that forever of course.  What goes up must come down (unless it is real, true growth).  My opinion, stocks have come to a state where they need to be reset.  It is all about gaming the system now.

psst.... I have a secret to tell you.  There are crooks everywhere.  

My opinion, stocks have come to a state where they need to be reset.

Umm.... what?    

I'm not so sure you really understand how the stock market works.

this sums it up.

[TiAvenger]

Business cycle.  Sometimes, the system has to crash. Rather we like it or not.

Here is the problem, the little guy loses. Most of the rich have them money to ride it out.  But the little guy who's entire 401k, savings, and income will not, in the event of a Major crash.   They missed the window for that when they saved Fannie and Freddie.

[DucPete]

The system is corrupt and it is broken.  
The system is being gamed.  The fed "games" the economy.  And im not talking about poor joe schmoe who expected to win but lost.  Im talking about people on the inside who know what is up.  People are not honest. People are corrupt.  

I make these blanket statements because they reflect how i view the world.  I dont expect you to understand them the way I see it because we have not had the time to personally know each other to know where we come from so that we can not fully or comfortable accept what we say to each other at full face value.

I understand WHY you say these things.   But I also can see that you clearly don't have the experience to understand what is going on.  I personally can't even think about trading stock until it's approved by the company I work with and an additional source.  The SEC would be down my throat or someone close to me if I were to do that.  They don't mess around with this kind of thing.  

I understand you are frustrated at the corruption, but what you're saying is coming across as being super uninformed.

[OwnyTony]

Here is the problem, the little guy loses. Most of the rich have them money to ride it out.  But the little guy who's entire 401k, savings, and income will not, in the event of a Major crash.   They missed the window for that when they saved Fannie and Freddie.

Chaos.  what you just wrote have a connotation that you believe that the little guy has no power to do anything.  When you and I are pacified enough to not take action, then rich do have what it takes to ride it out.  When everything goes to hell in a hand basket, people take action.  King lious got his head cut off durring times of economic unrest.  Though I wouldnt say France would be the best example for me to put out there.


Stocks are not every part of our economy. I dont know exactly how "big" but it is not the majority. 

[TiAvenger]

Chaos.  what you just wrote have a connotation that you believe that the little guy has no power to do anything.  When you and I are pacified enough to not take action, then rich do have what it takes to ride it out.  When everything goes to hell in a hand basket, people take action.  King lious got his head cut off durring times of economic unrest.  Though I wouldnt say France would be the best example for me to put out there.


Stocks are not every part of our economy. I dont know exactly how "big" but it is not the majority. 

Those of us that would take action, have already foreseen this, and should not be affected.  I think you overestimate a good portion of the American sheeple. A good lot would simply sit there with their hand out waiting for the government to save them.

[mitt]

IT IS A JOKE PEOPLE!  If you want to talk politics, go to the right forum. 

Jeez, buzz kills.

mitt

[TiAvenger]

Can't say I didn't warn ya   

[herm]

Just the way things work?  Meaning that story is an accurate depiction of how the stock market works?

it actually made me think of the real estate market

[Popeye the Sailor]

IT IS A JOKE PEOPLE!  If you want to talk politics, go to the right forum. 

Jeez, buzz kills.

mitt

Ruin a perfectly good joke thread...grumble....grumble....