Time to shut down Wall Street

merrylander · #1 03-12-2010, 07:53 AM

Well now those "Masters of the Universe" have come up with yet another scheme - they are going to sell futures on Hollywood movies. So now you can bet on upcoming movies. The place is simply one giant casino, nothing there to do with business whatsoever.

Once they started letting people gamble with stuff they did not own they have nothing to distinguish them from Las Vegas.

Grumpy · #2 03-12-2010, 08:19 AM

Id like to bet 24,000,000,000 on red please. No black !

finnbow · #3 03-12-2010, 08:57 AM

I'll put $10,000 on the next Pixar movie. But wait, I'd first have to sell off my more profitable porno studio investments. What to do?

Charles · #4 03-12-2010, 09:28 AM

When you look around the table, and you don't know who the sucker is,...

Chas

JCricket · #5 03-13-2010, 08:05 AM

I am no investor guru, not even close.
But, it seems to me that wall street is more about trading stocks to earn a profit than it is about investing into a company to earn dividends. Kind of backwards from where it started.

So, implement a new rule. If you buy stocks you must keep them for two years before selling them or you will forfeit all gains!

I am certain this would change how things are done.

Twodogs · #6 03-13-2010, 10:40 AM

Quote:

Originally Posted by Grumpy

Id like to bet 24,000,000,000 on red please. No black !

Yeh, but if they did that, they would have to pay up when they lost.

merrylander · #7 03-13-2010, 11:28 AM

Quote:

Originally Posted by JCricket

I am no investor guru, not even close.
But, it seems to me that wall street is more about trading stocks to earn a profit than it is about investing into a company to earn dividends. Kind of backwards from where it started.

So, implement a new rule. If you buy stocks you must keep them for two years before selling them or you will forfeit all gains!

I am certain this would change how things are done.

Nah, be simpler to level the building.