Reply #7: Investing in Wall Street has always been gambling. Hit it right on the up bubble and make it rich

[rhett o rick]

Most of the public, believing the myths the Wall Street shysters promotes, lose. Bubbles make those in the know rich at the expense of the public. This isn't new, it's been going on for ages. There is very little connection between the market and the economy. Except that during a good economy the Wall Street shysters can get more off the top.

Of course there are honest people associated with Wall Street. There were honest people working for Enron also. When you buy stocks in the Market the money doesn't go to the company you bought, it goes to the speculator that previously owned it.

But since most of the compensation the executives get is based on the popularity of their stock, they promote bubbles in their own stock prices. They sell high and the public gets to sell low.