is the stock market a glorified casino?, page-7

after very little deliberation, fatsoh could only vote in the affirmative

after all, when we have 'front running' market makers, it's hard to describe them as anything else other than the 'house' - and we all know the house always wins

today's big houses aren't prepared to wait for their investments to mature, hence they have fabricated many new 'instruments' to attain their ill gotten gains

another fabrication, imo, is their claim that the market can't do without their liquidity - it is self fulfilling and has dragged more suckers (punters) in looking for the quick gains - of course, 'house rules' apply, c/o legislators and regulators - reality is that they need the market to believe the liquidity story, as they, themselves need that liquidity for quick and reliable sources of turnover

then we have the punters themselves - take the likes of the many chartists around nowadays - (HC is confirmation of that) - in reality, they are not dissimilar to the punter at the gallops who studies the form guide - guess what they have in common? - they study past performance, hoping for a future guide - there will always be only a handful of winners in both scenarios - having said that, i do have a respect for such studies

that's not to mention the myriad of illinformed and unwashed punters that the 'house' relies upon

place your bets - lol