Archived Dow futures up 1,000 points as I post this. (foxbusiness.com)
submitted ago by Patriotknife100
Posted by: Patriotknife100
Posting time: 10 months ago on
Last edit time: never edited.
Archived on: 6/9/2020 10:00:00 AM
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51 upvotes, 4 downvotes (93% upvoted it)
Archived Dow futures up 1,000 points as I post this. (foxbusiness.com)
submitted ago by Patriotknife100
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[–] RoundWheel 0 points 5 points 5 points (+5|-0) ago
The market is a fraud with the illusion of gambling. It is not indicative of our economy, regardless of how dishonestly they attempt to link the two.
[–] Patriotknife100 [S] 0 points 2 points 2 points (+2|-0) ago
Largely agree, Patriot. Personally, I'd nuance the word "fraud"... more like "manipulated". But your second sentence is spot on.
[–] Charles_Ponzi_ ago
How is the market a fraud? Everyone knows exactly what they are exchanging.
[–] Patriotknife100 [S] 0 points 2 points 2 points (+2|-0) ago
Agreed. That's why I prefer the term "manipulated". Large players (governments, central bankers, large hedge funds) can manipulate the markets. Using the casino analogy, they're the "House". Not a fraud, the House always win.
[–] RoundWheel 0 points 1 point 1 point (+1|-0) ago
Except they don't. The large traders constantly manipulate and fraudulently control the markets. This is why, for example, Goldman sacks, and others, were telling everyone to buy while they were themselves shorting the market.
If everyone knew what to expect, that would be impossible. Ignoring the fact it's criminal.
If anyone thinks fraud is not the correct word, they don't really understand what's going on.