In my opinion, the market is nothing more than a HUGE Las Vegas craps table….you've got the Pro gamblers (brokers) who have a "system" . Those associated with the biggest houses are some are pretty good at it and can make a living, some of those make a literal fortune.. and then you've got the "retail customers"..ordinary folks, Mom and Pops, who listen to Cramer and they trade on hunches, not necessarily fundamentals…neither one is wrong and neither one is right.
Markets are irrational, always have been. Your taking the opposite side of the pro's mostly and dont even know it. It can be manipulated so easily by the big trading houses with their ability to actually move markets in any direction at will…Some call that Power because of size….I call it manipulation..That to me is no different than shaved dice being used by the "house" to fleece you.
The SEC is totally a joke in its enforcement usually.
When the market first started doing its levitation trick in the dot com disaster prelude run up, I knew right then I was NOT smart enough, informed enough or possessed the size scrotum required to play this game…I got out. NOW its astounding to me with what I see daily.
In the end, its STILL gambling in my estimation. I'll sit on the sidelines and watch and be impressed by you fella's….I get conservatively around 5% roi in CD's and I have not had to take a tums or rolaids for years…I sleep like a baby too. I dont like the "chance/risk" associated with this "New" market…as I say, im not much of a gambler….
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