I was taught that the stock market was a place where traders looked at the actual value (as they perceived it) of the underlying corporations. That was approximately thousands of (internet) years ago. Now, it’s only the perceived potential for immediate growth. Nothing “real” underlying it (except as it colors the perceptions). As a result, the market… which was never what I’d call “stable” has become a hundredfold more unstable. Maybe taking the ticker WOULD help.
For sure the hill should try to hide their base craving for illicit gains. When are they going to outlaw elected officials from manipulating the stock market in order to line their own pockets? Probably never…meanwhile….they really should have to report their profits.
10 steps forward, 100 steps back! Did someone,sneeze?
Ridiculous. Seems only the rich will survive unscathed!
Maybe Congress will do something about this after the dems lose the House and Pelosi is the Ambassador to Italy. I’m sure Paul (Hic!) Pelosi will enjoy the Italian vineyards.
Too late for Senator Burr, but maybe some of them can learn from it.
Great time to buy in. When this happened years ago, S&P went down to 900, I bought. I think it has gone up some since then.
my guy says that most of his clients are stuck between panic and greed
I thought gambling was illegal and yet the Dow etc. are all dens of high stakes gambling.
Martha Stewart went to jail for insider trading, for example. Shouldn’t politicians be held to the same standard?
I agree with those who say that the stock market is just a form of legalized gambling.
It’s CRIMINAL that they get to vote whether it’s proper for them to hold stocks. Some of my California representatives in Congress are guilty. Can I vote what the IRS should keep from my money?
Just saw something about a fund being created based on congress peoples trades.