Re: Does nobody believe in investing anymore?
in response to
by
posted on
Dec 07, 2012 09:43AM
Nope,i want out.And i`d be happy to get out with my shirt on my back.
First i watched it a couple of times on 60 Minutes,a fairly well respected news source over the decades.Then i watched and listened to a guest on The Colbert Report,name of Christopher Steiner,who has written a book named..." Auotomate This:How Algorithms came to Rule Our World".Fascinating and sickening at the same time.But so true.
60 Minutes episode about "super computers" being placed right beside Wall Street to make billions of trades in "nano" seconds first got me thinking how bad the "game " is rigged against us.Then,if you ever get a chance to see what Steiner wrote and talked about on Colbert`s show,it would scare you.
It`s fixed so us peons CAN`T win.There are 70% less people (so far) working the stock exchange floors for a reason.And our chances are only going to worsen,according to 60 Minutes and Mr.Steiner.And sadly,i see no evidence to believe otherwise.
This is NOT your fathers stock market.And yes,i do indeed believe it`s the "end of an institution".
It will virtually take miracles for the little guy(us) to continue to expect to make money, crumbs off the table if you will.
Relatively speaking,PRB is doing great and is a pleasant exception to the rule.