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Applying this logic, perhaps we can get "professional" stock ... manipulators off the TV. CNBC can go away entirely. Marketing speak would be replaced with val
by moosey 6y ago
Applying this logic, perhaps we can get "professional" stock ... manipulators off the TV. CNBC can go away entirely. Marketing speak would be replaced with value charts. Ban all forums that discuss specific stock values.
Then prevent people from buying stocks in groups. Mutual funds, ETFs, etc... all of these abstractions on abstractions, we can throw them away. The more abstractions we throw away, the closer we get to what all this should actually be meant to serve; people.
- NoOneNew 6y agoAbsolutely. I mean, what's different now in comparison to Ackman shorting hotels then going on CNBC and saying hotels are going to burn financially? Except for the fact it's one rich guy compared to thousands (maybe millions?) of not so rich folks.
- mrlala 6y agoWell.. I think the difference is that if there are literally millions of people immediately acting in a certain fashion (suddenly buying up a specific stock) in a coordinate fashion- that has a very different effect than a small number of large investors taking a bet. I'm not defending the bullshit that is CNBC and 'professional stock pickers' and crap, but it ends up to be a very different thing. Not saying better or worse, but certainly different.