Gambling on wal-street
If you ask me, “working” the stock market is no different then rolling dice in a casino. Sure, there are real world strategies on when to buy/sell, but it all boils down to (and you can quote me on this):
“Gambling is legal in Las Vegas, Atlantic City, and New York City”
Truthfully I’m a little freaked out by the whole recent economic down-turn, but feel no guilt. I’m angry, actually, especially when you read about the market getting inflated with phantom stock via naked short selling (see http://www.deepcapture.com/)
Please, please outlaw that nonsense.
In regards to the failing bank industry:
Shame on the lenders. They got too greedy and tried to stretch the dollar far greater then it would ever go. I’ve never taken out a loan I couldn’t afford. I’ve been offered many, but turned them all down. But I’m not everyone, people fall for it and it finally bit them in the ass. Well, its biting the rest of us in the ass now too.
Shame on the people who took those loans. Now I know that some bankruptcy is legit, you might have lost your job, you might be a victim of our bad bad bad health care industry, but I’ve known far too many people who’s defaulted on credit cards and other types of loans who were simply living beyond their means.
But, since I have no control over what is happening in the world, I’ll just continue my normal routine. No sense in getting all riled up over something you can’t change. Just have to hope for the best.