General Discussion

WhaTHellsgoingonhere

(5,252 posts)

8. I'm gonna go with "somewhat true"

Mon Mar 11, 2013, 11:23 AM

Mar 2013

It does serve a valuable purpose, that of allocating funds between borrowers and lenders, but it's been corrupted to the point that it's a casino for the uber-rich and hedge managers.

We need to Glass-Steagall the stock market to separate the two.

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47 replies

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True or False - The Stock Market is a Scam [View all] el_bryanto Mar 2013 OP

It is easy graham4anything Mar 2013 #1

Except for those of us who don't fit into your tidy little boxes magellan Mar 2013 #2

I agree el_bryanto Mar 2013 #3

there are 2 sides of the street. graham4anything Mar 2013 #16

Save your breath magellan Mar 2013 #20

Neither will the Nader and the rand Paul/David Duke lovers ever admit what they did in 2000 graham4anything Mar 2013 #22

This was a thread asking a simple question about the stock market magellan Mar 2013 #24

you are either with us hfojvt Mar 2013 #30

Hey you cheerleaders! magellan Mar 2013 #34

" hey Jonny what are you rebelling about ?" olddots Mar 2013 #32

"I never heard of a lottery winner refusing the $1million dollar prize" bluedigger Mar 2013 #37

No. graham4anything Mar 2013 #40

Then don't conflate them. n/t bluedigger Mar 2013 #42

One could just as easily say-no one would refuse to have one share stock go up to 100 shares graham4anything Mar 2013 #43

You're certainly right about that. 1-Old-Man Mar 2013 #12

A vote for Nader is a vote for Jeb Bush in 2016 graham4anything Mar 2013 #18

Why are you obsessed by Nader? former9thward Mar 2013 #29

Because he is a prototype him that Jeb is going to exploit with Rand/Duke graham4anything Mar 2013 #36

The Stock Market is no more a scam than a Las Vegas Cassino... Agnosticsherbet Mar 2013 #4

One of the first things I learned about investing in stocks is that if you regard it as gambling... slackmaster Mar 2013 #5

If you know how to play, a good game of Poker isn't gambling... Agnosticsherbet Mar 2013 #9

The Madoffs Were Offering Far More Than 5% a Year... KharmaTrain Mar 2013 #13

It can be a scam or not, depending on many factors. MineralMan Mar 2013 #6

Very nice description of how it works for people who pay attention, but one slight correction 1-Old-Man Mar 2013 #15

Thanks. I do understand the difference, of course. MineralMan Mar 2013 #17

it doesn't have to be long term though hfojvt Mar 2013 #35

I said "Scam". Arctic Dave Mar 2013 #7

I'm gonna go with "somewhat true" WhaTHellsgoingonhere Mar 2013 #8

It's a sponge for unconsumed capital. It's money chasing money instead of buying work Bucky Mar 2013 #10

The derivative-market is worth more money than exists in the whole world. DetlefK Mar 2013 #11

Somewhat false. denverbill Mar 2013 #14

Totally agree IphengeniaBlumgarten Mar 2013 #19

I was going to say completely false, but there are some sleezy actors in the stock market as well. denverbill Mar 2013 #25

I fired my broker 20 years ago. Since then... aristocles Mar 2013 #28

As it exists today, it is a scam. In its early days it was a useful organization that grew out Egalitarian Thug Mar 2013 #21

I always thought it was a route for companies to raise capital, Nye Bevan Mar 2013 #23

It's not a scam. dawg Mar 2013 #26

The stock market serves a purpose to capitalize companies... SidDithers Mar 2013 #27

"Some will rob you with a six-gun, some with a fountain pen." Woody Guthrie Tierra_y_Libertad Mar 2013 #31

So is the market like cocaine ? olddots Mar 2013 #33

Insider trading is a scam. moondust Mar 2013 #38

What if you had asked...? IphengeniaBlumgarten Mar 2013 #39

Yep - I can't disagree with this assessment el_bryanto Mar 2013 #47

Scam? Maybe not. But an unequal and unfair market? At least at times, certainly. HereSince1628 Mar 2013 #41

I like stocks that consistently pay dividends madville Mar 2013 #44

it's a casino now. pansypoo53219 Mar 2013 #45

DOW index is bullshit! No adjustment for inflation. L0oniX Mar 2013 #46