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arcane1 (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:32 PM Original message |
Do we really, truly need the stock market? |
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ChrisBorg (411 posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:35 PM Response to Original message |
1. It generates capital for companies. |
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eridani (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 10:09 PM Response to Reply #1 |
19. That used to be its primary finction. |
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sad sally (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 12:10 AM Response to Reply #19 |
66. Just think of the tax revenues that could be raised if they were taxed? |
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WatsonT (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 10:02 AM Response to Reply #66 |
79. The entire financial sector is kind of surreal |
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some guy (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 10:23 PM Response to Reply #1 |
23. How, specifically? |
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4lbs (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 10:27 PM Response to Reply #23 |
57. Not from the resale, but by selling more shares. |
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some guy (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 11:00 PM Response to Reply #57 |
58. Thanks. I understand all of that. |
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jtuck004 (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 11:53 PM Response to Reply #58 |
62. You are correct. In general it doesn't help them at all. |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 03:50 AM Response to Reply #62 |
72. The Springfield Remanufacturing Company story |
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jtuck004 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 08:35 AM Response to Reply #72 |
77. I will have to hunt that down, plot sounds a little like it. |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 11:13 PM Response to Reply #77 |
84. No news here recently |
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jtuck004 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 11:40 PM Response to Reply #84 |
85. Sounds like people creating their own data, |
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Art_from_Ark (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 11:54 PM Response to Reply #85 |
86. Let's say that there are people who want a variety of data |
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melm00se (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 04:37 AM Response to Reply #58 |
73. that is true that they |
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ipfilter (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 08:58 AM Response to Reply #58 |
78. This may help. |
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Terry in Austin (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 05:10 PM Response to Reply #1 |
41. Misconception |
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ChrisBorg (411 posts) Send PM | Profile | Ignore | Thu Jun-30-11 05:25 PM Response to Reply #41 |
45. There is no "already-existing stocks" when the company goes public. |
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Terry in Austin (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 06:01 PM Response to Reply #45 |
51. Yes - the aformentioned five percent -nt |
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Fool Count (878 posts) Send PM | Profile | Ignore | Fri Jul-01-11 05:49 AM Response to Reply #45 |
75. Yes, there is. IPO usually offers only a small fraction of |
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virgogal (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:36 PM Response to Original message |
2. Commodoties trading is the one I don't get. Maybe we will both learn something. |
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Johonny (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:52 PM Response to Reply #2 |
13. It makes sense for the consumer and the producer |
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PoliticAverse (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 10:32 PM Response to Reply #2 |
25. The purpose of commodities (futures) markets is to provide price-insurance to producers/consumers |
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onehandle (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:37 PM Response to Original message |
3. Yes, but it needs to be taken offline. |
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onenote (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:38 PM Response to Reply #3 |
4. stocks are held for shorter periods, but the "seconds" meme has been debunked. |
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onehandle (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 10:08 PM Response to Reply #4 |
18. Based on nothing. Run by douchebags. |
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RaleighNCDUer (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 11:55 PM Response to Reply #4 |
26. I just debunked your debunking. |
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provis99 (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 12:04 AM Response to Reply #26 |
29. link? |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 03:35 PM Response to Reply #29 |
37. There are 2 (or more) measures that people may be talking about |
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provis99 (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 12:04 AM Response to Reply #4 |
28. link? |
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onenote (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 07:27 AM Response to Reply #28 |
76. link debunking the "seconds" myth |
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unkachuck (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:39 PM Response to Original message |
5. no.... |
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Jack Sprat (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:46 PM Response to Reply #5 |
10. +1,000,000 ya ba da ba doo. |
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October (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 12:10 AM Response to Reply #5 |
65. +1 - oh the speculators in this country!!! UGH!!! |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:39 PM Response to Original message |
6. Yes, BUT it needs to be regulated, heavily regulated |
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arcane1 (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:46 PM Response to Reply #6 |
11. Now I could see that being a useful thing, up to a point |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:56 PM Response to Reply #11 |
14. Actually Chevron relies on investors |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 10:19 PM Response to Reply #14 |
22. Bonds are BY NO MEANS "a type of stock" technically or otherwise. |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 10:23 PM Response to Reply #22 |
24. Ok stand corrected, |
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Sgent (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 08:52 PM Response to Reply #22 |
54. Although |
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Blue_Tires (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 03:29 PM Response to Reply #6 |
36. +1 |
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Jack Sprat (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:40 PM Response to Original message |
7. We need to extricate all retirement funds from it |
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spin (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:42 PM Response to Original message |
8. I'm far from rich but if I didn't have a 401(k) and an IRA ... |
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Hugabear (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:58 PM Response to Reply #8 |
15. Your retirement should not have to be dependent upon the whims and fortunes of corporations |
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dmallind (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 10:19 PM Response to Reply #15 |
21. but why should he not have the choice to invest in them? nt |
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melm00se (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 04:40 AM Response to Reply #15 |
74. quick question |
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RaleighNCDUer (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 12:19 AM Response to Reply #8 |
30. What went into your 401k should have gone into a real pension with |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 03:48 PM Response to Reply #30 |
39. How do you set up a 'real' pension? |
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Terry in Austin (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 05:33 PM Response to Reply #39 |
46. Yer classic pension is basically an annuity |
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Tuesday Afternoon (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:42 PM Response to Original message |
9. not necessarily. human kind got along without one for many years. |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:58 PM Response to Reply #9 |
16. The earliest form of a stock exchange |
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Tuesday Afternoon (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 07:42 AM Response to Reply #16 |
31. human kind was here a lot longer than that . . . |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 01:54 PM Response to Reply #31 |
32. Well if you are going to look at the whole of human history |
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Tuesday Afternoon (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 03:16 PM Response to Reply #32 |
34. you suspect...? |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 03:24 PM Response to Reply #34 |
35. Yes I suspect, with a bunch of archeologists |
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Tuesday Afternoon (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 08:14 PM Response to Reply #35 |
52. you replied to me |
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Boojatta (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 09:56 PM Response to Reply #31 |
55. "and look at Greece now, btw." |
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Tuesday Afternoon (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 10:00 PM Response to Reply #55 |
56. lol |
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WatsonT (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 10:03 AM Response to Reply #9 |
80. That could be said of the internet as well |
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cbdo2007 (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 09:51 PM Response to Original message |
12. Oh good, this again. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 10:06 PM Response to Original message |
17. well, the PRIMARY market yes, but most trading is in the SECONDARY market |
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AndyTiedye (1000+ posts) Send PM | Profile | Ignore | Wed Jun-29-11 10:18 PM Response to Original message |
20. It is More Transparent Than a System Where Stock is Not Publicly Traded |
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Name removed (0 posts) Send PM | Profile | Ignore | Wed Jun-29-11 11:58 PM Response to Original message |
27. Deleted message |
Cleita (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 02:00 PM Response to Original message |
33. I would call it a parasitical sector of the economy like |
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NeedleCast (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 03:36 PM Response to Original message |
38. Do we really, really need automobiles? |
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Terry in Austin (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 05:14 PM Response to Reply #38 |
42. No. |
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MemeSmith (183 posts) Send PM | Profile | Ignore | Thu Jun-30-11 05:07 PM Response to Original message |
40. It's called price discovery |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 05:20 PM Response to Reply #40 |
44. Was oil really the best example you could think of? |
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MemeSmith (183 posts) Send PM | Profile | Ignore | Fri Jul-01-11 12:45 AM Response to Reply #44 |
68. Oil is an example that people outside of the market can relate to |
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Shagbark Hickory (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 10:10 AM Response to Reply #68 |
81. Very thoroughly explained. Thank you! |
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Terry in Austin (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 05:44 PM Response to Reply #40 |
48. That's what those in the game call it, anyway |
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MemeSmith (183 posts) Send PM | Profile | Ignore | Fri Jul-01-11 12:51 AM Response to Reply #48 |
69. There are two ways to find out for sure whether we need the game |
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Rex (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 05:16 PM Response to Original message |
43. I don't, but then again I actually work for the money I earn. |
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Terry in Austin (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 06:00 PM Response to Reply #43 |
50. "Earning" is a very political relationship, isn't it? |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 05:35 PM Response to Original message |
47. Hell yes we need it. |
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Terry in Austin (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 05:50 PM Response to Reply #47 |
49. Building wealth |
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originalpckelly (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 08:27 PM Response to Reply #49 |
53. The problem is that they want to own other people's wealth. |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Sat Jul-02-11 06:39 AM Response to Reply #49 |
87. Balderdash |
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Incitatus (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 11:07 PM Response to Original message |
59. Yes, more regulation on how stocks are traded and how capital gains are taxed is whats needed. nt |
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SDuderstadt (1000+ posts) Send PM | Profile | Ignore | Thu Jun-30-11 11:10 PM Response to Reply #59 |
60. I agree:.. |
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Incitatus (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 12:03 AM Response to Reply #60 |
64. naked short selling is something that should definitely be addressed |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 12:58 AM Response to Reply #64 |
70. Short-selling isn't the problem, it helps provide liquidity to the market. |
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Incitatus (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 01:14 AM Response to Reply #70 |
71. There is a difference between short selling and naked short selling. nt |
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RoryK (73 posts) Send PM | Profile | Ignore | Thu Jun-30-11 11:14 PM Response to Original message |
61. No, you do not. |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 12:03 AM Response to Original message |
63. No, it's become nothing but a casino. Complete with the guaranteed pay-off for the "house"... |
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moondust (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 12:33 AM Response to Original message |
67. Doing away with it |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 10:54 AM Response to Original message |
82. Of course not but in the US that's like asking, do we really truly need faith in the Sky God? |
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fascisthunter (1000+ posts) Send PM | Profile | Ignore | Fri Jul-01-11 10:57 AM Response to Original message |
83. hmmmm... good question |
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