Tuesday, January 30, 2007

You can't beat Wall Street, it's a fixed game.

Wall Street unleashes its 'weapons of mass manipulation' on you
Monday January 29, 7:32 pm ET
By Paul B. Farrell
Arming Wall Street with more firepower to dominate irrational investors

"ARROYO GRANDE, Calif. (MarketWatch) -- Sorry investors, but you're at a distinct disadvantage, running a handicap race. You're one of America's 94 million Main Street investors and the odds are 100:1 against you given the enormous firepower of Wall Street. And thanks to behavioral finance, it's getting worse, the gap's widening." Full Article.
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2 comments:

  1. AnonymousJanuary 30, 2007 at 3:44 p.m.

    Nice article, thanks.

    I guess the manipulation aspect can be applied to many aspects of our economy, not just Wall Street.

    People behave irrationally in many different ways. In a weird 'capitalistic-pig' way, it is extremely clever.

    If you can't beat them, join them...

    ReplyDelete
  2. solipsistJanuary 30, 2007 at 8:44 p.m.

    Thanks for that article ub. It reminds me that I really must get to my promised, epic post about marketing/manipulation.

    ReplyDelete