CNBC Stock Market reporters admit to being clueless..

[bd4u.utah]

Yesterday the DOW had a 200 point increase
making it the biggest gain for December. Today
is another story and the Markets haven't even
opened yet.

It makes plenty of sense to me, others just don't
want to admit it. 401k money gets dumped into
the Market, and the High Rollers rake it off the top
for themselves. 401k is like a slush fund for the
stock market. That's why the stock market keeps
going up and down like it does. Every payday money
gets dumped in, and afterwards it gets raked off.
The only people making any money on the stock
market are those that "short it". And it's NOT the
401k's that are earning it.

So what is wrong with Bernie Madhoff? He got
caught "stealing" from the public. He wasn't very
smart about it. He should have had somebody else
rip everyone off, instead of doing it himself. Then
he would have been within the law.

bd4u.utah

[bd4u.utah]

Post by bd4u.utah
Yesterday the DOW had a 200 point increase
making it the biggest gain for December. Today
is another story and the Markets haven't even
opened yet.
It makes plenty of sense to me, others just don't
want to admit it. 401k money gets dumped into
the Market, and the High Rollers rake it off the top
for themselves. 401k is like a slush fund for the
stock market. That's why the stock market keeps
going up and down like it does. Every payday money
gets dumped in, and afterwards it gets raked off.
The only people making any money on the stock
market are those that "short it". And it's NOT the
401k's that are earning it.
So what is wrong with Bernie Madhoff? He got
caught "stealing" from the public. He wasn't very
smart about it. He should have had somebody else
rip everyone off, instead of doing it himself. Then
he would have been within the law.
bd4u.utah

It's really easy to figure out. You put money from
account "A" into the Market, and you draw it out
with account "B". That way the money legally
and lawfully changes hands. The common term
for it is "money laundering". It's supposed to be
illegal, but because it's the stock market doing
it is considered a "public" fund and is available
to anyone who does it.

Then you wonder what the "Occupy Wall Street"
is so upset about, and why it's called what it
is called.

Brokers reported a 25% cut in their own paychecks.
I guess that is supposed to make everyone feel
better for being ripped off.

bd4u.utah

[bd4u.utah]

Post by bd4u.utah

Post by bd4u.utah
Yesterday the DOW had a 200 point increase
making it the biggest gain for December. Today
is another story and the Markets haven't even
opened yet.
It makes plenty of sense to me, others just don't
want to admit it. 401k money gets dumped into
the Market, and the High Rollers rake it off the top
for themselves. 401k is like a slush fund for the
stock market. That's why the stock market keeps
going up and down like it does. Every payday money
gets dumped in, and afterwards it gets raked off.
The only people making any money on the stock
market are those that "short it". And it's NOT the
401k's that are earning it.
So what is wrong with Bernie Madhoff? He got
caught "stealing" from the public. He wasn't very
smart about it. He should have had somebody else
rip everyone off, instead of doing it himself. Then
he would have been within the law.
bd4u.utah

It's really easy to figure out. You put money from
account "A" into the Market, and you draw it out
with account "B". That way the money legally
and lawfully changes hands. The common term
for it is "money laundering". It's supposed to be
illegal, but because it's the stock market doing
it is considered a "public" fund and is available
to anyone who does it.
Then you wonder what the "Occupy Wall Street"
is so upset about, and why it's called what it
is called.
Brokers reported a 25% cut in their own paychecks.
I guess that is supposed to make everyone feel
better for being ripped off.
bd4u.utah

If you start with 100 dollars in an account, and 5 people
add 1 dollar, and each day there after 5 more people
add 1 dollar, but each day each person takes out
5 cents. It will take awhile, but eventually there is
nothing left in the account.


Well there are names for such things. They include..

Pyramid Scheme
Ponzi Scheme
Chain Letter
Mail Fraud

..among other names.

It's not immediately obvious, but any high school
math student can calculate the results. It's called
a "Pyramid" Scheme for a reason.

bd4u.utah