You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Lost your pension in the stock market? [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Topic Forums » Economy Donate to DU
Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-12-11 05:53 AM
Original message
Lost your pension in the stock market?
Advertisements [?]
Edited on Fri Aug-12-11 05:56 AM by Turbineguy
Look no further:

http://www.bloomberg.com/news/2011-08-11/high-frequency-firms-tripled-trading-as-s-p-500-plunged-13-wedbush-says.html

There. That should cheer you up. Your real work benefited those who do nothing whatsoever for society.

From a post I made yesterday:

Wall Street does not match investors with money to people who want to use that money to build economically beneficial entities. That used to be their job. Now they invent instruments that generate profits and commissions but divert money to non-investments thereby harming the overall economy.

Because these instruments are leveraged, their harm is multiplied.

If you want to invest for economic growth you have to by-pass Wall Street. The stock market as we know it has nearly outlived it's usefulness.

The swings of the past few days have shown this especially clearly. High Frequency Trading algorithms that use rates of change in prices have injected increased instability. This is trading. Not investing.

Wall Street is a parasite on society. It is the major reason for the decline of the middle class. Of course republican politicians protect them, because they pay well.


Refresh | +18 Recommendations Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC