Playing just like your Phillies, Jimbo - - 3 strikes and your out.
People are not investing in companies or commodities; they are placing bets in the world’s largest casino. And, if you are one of the big guys, you are also the house. That means the odds are in your favor so long as you manage the casino to best serve your interests. Which leads me to strike 2 . . .
These investors could care less about profits, revenue, or dividends. The performance of the companies involved is irrelevant. What is relevant is the way in which their stock prices can be pushed up and down with relative ease and frequency. These guys make money on moves, not on companies’ performance. The little guys that buy into the performance myth are nothing more than the source of the big guys revenue streams. After that foul tip, you really
whiff on the last one which is way out of the zone . . .
The market is not largely dependent on the housing market or any other rational factor for that matter; it is, by its nature as a casino, dependant only on the gullibility of those that think they can play against the house and win. And, as long as there are complicit shills in the media that refuse to report on these obvious conditions, it will continue to reap huge profits for the house, regardless of the “market”, “economy”, or anything else.