Video & Multimedia
Related: About this forumWellstone ruled
(34,661 posts)Anyone who thinks our Wall Street is rigged,well,appears China runs a Casino Stock Market. Remember this,the Chinese Army runs the show. Something like seven people run their markets,and there are suppose to be 4 million minions invested in these markets. 3+3=7,duh!!
Spitfire of ATJ
(32,723 posts)Wellstone ruled
(34,661 posts)is ripe for corruption. All this hype about China is just hype,yes they have a Billion and half people,and some supposed 4 million so called investors in their market system. Much like all the hype we hear each and every day here in the U.S.. China total investors? .038% of their population. U.S.? roughly 10% of have direct investment in our markets. More have unvested 401's or some vehicle that has a market component. All the Bullcrap about China is just Bull. And when Goldman Sachs says buy,well all they want is you to buy their garbage and a premium because they want to bail.
Spitfire of ATJ
(32,723 posts)Sunk in Tupelo
(66 posts)After Greece won their referendum the Chinese stock market saw an 8% swing the very next day. Then the US stock market goes offline and they blamed it on a random computer glitch due to an upgrade that was supposedly scheduled in the middle of the trading day.
Personally, I'm not buying it. It looks like they stalled for time in order to prevent a huge sell off and save the big boys a lot of their money that would have otherwise gone bye bye. Just my two cents. It's a rigged game. One would have to be fool to play these days. 60 Minutes did a pretty good expose' last year on how it was rigged.
Wellstone ruled
(34,661 posts)the Biggee's to the tune of 10% just because they can do it. And what is really scarey is all these phony ETF's. Mr. Hogan from State Street Bank and later at Jefferies said the truth,watch out these things are toxic because the creator of any ETF folds crap into them just to bury their internal screw ups.
Sunk in Tupelo
(66 posts)but it is plain to see that it is becoming more and more of a corrupted affair. One would have to be a fool to risk their saving there nowadays. I dabbled for a little while just for fun, mainly pharmaceuticals and watched the FDA approvals. I learned a lot, but found and found out that the big boys have all the info firsthand and they get to play their lots well before the rest of the US wakes up in the morning. They have the globe covered. It was interesting to watch them play 5,000 little fish like me and then swallow us all at the same time just when we thought we might make a little money.
Wellstone ruled
(34,661 posts)There are millions of us out here that would love to be in the so called Market. But,most do not have the disposable income, or,like most,have figured out how a few control the many. My Spouse and I have always used this rule,if you want to play the market,well then,the money you use can that be put in a pile and a match thrown into it. Other than that,do your own due diligence and find a true trusted person whom knows the Stock Market and asked tons and tons of questions. Yes these so called financial Advisers can help,we fired a few,once we figured out how the game was played. Read and read some more,and do not listen to the likes of Jim Cramer or any other dipstick on the so called Business Channels,all their babble is about sending messages to their Pal's as to what the next daily move will be by the likes of JP Morgan and Goldman Sachs. We watch these Guy's for laughs and you get a idea as to the next move by the Biggies. Evey one of these Talking Heads are Millionaires and a couple are Billionaires,so there lies the disconnect with John and Jane Q public.
Darb
(2,807 posts)And more importantly, it is not that much of a barometer of their economy. So the post title is misleading.