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Author Topic: Stock traders are idiots.  (Read 6005 times)

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Offline FadeTopic starter

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Stock traders are idiots.
« on: May 11, 2004, 05:41:28 AM »
After watching the financials' on TV today, I have come to the conclusion that people who buy stocks are idiots.

One of the lead stories was about the 900,000 new jobs that were created in the US in the last seven months and what that might possibly do to the economy.

The main thought was, with so many people getting new jobs that the economy was heating up, and Greenspan was bound to raise interest rates soon.

So now the fear is, they might no longer be able to borrow money at fifty year low rates to buy more stocks, and on that fear, the market was down today by 1¼ percent. But that's not all; the rest of the stock buyers in the world apparently decided that if our market went down, then theirs needed to go down even more. related story

There was not one mention of all the new people with jobs that will be buying the products that these stocks are based on.

 Deliver me from idiots.
If you\\\'re still voting Democrat, you\\\'re stuck on stupid!
 

Offline FadeTopic starter

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Re: Stock traders are idiots.
« Reply #1 on: May 13, 2004, 01:31:17 AM »
@ FluffyMcDeath
"Capitalism isn't there to benefit people.
Bla Bla Bla.
Hogwash, Bla Bla.
More hogwash, Bla Bla!"
---------------

Spoken like a true socialist Fluffy.

Capitalism isn't there for any reason.
Capitalism is the result. The result of an ideology that people should have the freedom to pursue any legal endeavor, for their own personal gain, without any interference from another person, group of persons, or the government. With that, comes the knowledge that you are not owed something by birthright or your station in life.

As a consequence of that ideology, we have the freedom to go as far as our brains and or muscles can carry us; up or down!

You rail against people that have more than you, without the wisdom of how they got that way, or what hardships they went through to get where they are. Sure there are people that inherit wealth, property, or station, but they have the very same opportunity to lose that wealth as anyone else has to gain theirs. Look at the Commadore/Amiga - Apple comparison for example. Twenty years ago they were more or less on equal footing, yet one is still selling computers and the other one isn't. I'm sure the owners of both companies wanted to stay in business and be the top dogs in the computer business, but because of bad business decisions, Amigans are using 10 year old computers while Apple is still selling new computers, and downloadable music and over 2 million iPods.

If both companies were exposed to your philosophy, both might still be in business, but they would be selling 68020 computers to the masses, and the owners would be making $75,000 a year in salary, with the profits going into social services. When an owner died the company would be taken over by the government or sold by the government and the profits seized for the good of the people.

Fluffy, here is the difference between the US and a socialist country. When the socialist get in power, what is the first thing they do? They start passing laws that limit freedoms. Personal freedom is the first to go, because the needs of the many outweigh the needs of the one. Collective freedom is the next to go, because one day it might be more powerful than the government. The last thing they do is pass laws that stop the people from changing the form of government to something else. After a few generations go by the people have forgotten what true personal freedom is, and are frightened by the concept of it, just like an animal raised in a cage is afraid to leave when the door is opened. A good example is over in the gun control threads. I don't remember what your take on it is, but there are some people posting there that are truly afraid of guns and the freedom of anyone else owning one. It's a wonder these people don't want to ban computers, considering the damage a kid can cause writing a virus, or other types of computer related crimes.

The majority of people in the US are not afraid of personal freedoms and as a consequence we do not have laws limiting the kind of government we can have. If you wanted, you could immigrate to the US, start up a new political party based on whatever concept you like, and if enough people liked it, you could get elected. The only two offices you couldn't hold are president or vice president, but if your child were born here, he or she could. They could start a dynasty based on your political beliefs that could last for generations. The problem they or you would have, is the second you tried to take away one of the freedoms we have, you would be impeached.

Boy, this post is way too long, I'm quitting.
If you\\\'re still voting Democrat, you\\\'re stuck on stupid!
 

Offline FadeTopic starter

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Re: Stock traders are idiots.
« Reply #2 on: May 13, 2004, 06:12:23 PM »
And you know this by listening to Wilse or Glaucus? :laugh:
If you\\\'re still voting Democrat, you\\\'re stuck on stupid!
 

Offline FadeTopic starter

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Re: Stock traders are idiots.
« Reply #3 on: May 13, 2004, 08:41:17 PM »
@ Speelgoedmannetje
 "I really got a déjà vu of elementary school when you started trolling about my sig."
-----------------

Well, you're the one that said if anything mentioned taxes, it had to be in the politics forum.

Those that live by the sword, get to change their sigs.
If you\\\'re still voting Democrat, you\\\'re stuck on stupid!
 

Offline FadeTopic starter

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Re: Stock traders are idiots.
« Reply #4 on: May 13, 2004, 08:48:47 PM »
I see that your sig. is now gone, so I guess that you got the point.
If you\\\'re still voting Democrat, you\\\'re stuck on stupid!