Betting on Wall St
October is one of the peculiarly dangerous months to speculate in stocks….The others are July, January, September, April, November, May, March, June, December, August and February. Mark Twain
To put it in a few blunt words, our stock markets are giant gambling casinos which are populated by sharks prepared to fleece their unsuspecting clients – and it’s all done in pin-stripe suits on thick pile rugs in flashy high-rise office buildings.
So what happened last week? Has anything really changed? Did the price of milk go up? Did you lose your job? Maybe you have to sell your Ferrari.
Although we were regularly told that billions, even trillions of dollars had been lost. it was only a paper loss. The real value of the companies that those stocks represented didn’t change. They still had the same assets, the same cash reserves, the same staff, the same production schedules and the … More
