That wasn't exactly my argument. I'm not expecting people to inform themselves. They want to be entertained, not informed.11 Bravo wrote:
i dunno. maybe. watch what you want idc. i dont spend my time trying to tell people what not to watch. sorry you feel the need to do that.
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what do you mean informed? if a plane crashes or a tornado rips thru ohio you are only informed about it if you watch bbc?
LOL... no, I meant more complicated topics of policy.
Anything having to do with economics, for example, is complicated and dry enough that it's hard to get an objective analysis of a given policy in that realm from typical news sources. The few analyses that are made by mainstream media are spiced up to get attention and usually swing heavily in one direction or another.
Anything having to do with economics, for example, is complicated and dry enough that it's hard to get an objective analysis of a given policy in that realm from typical news sources. The few analyses that are made by mainstream media are spiced up to get attention and usually swing heavily in one direction or another.
well that cuz nobody really understands economics..they just make up fancy equations and spew history like its some kind prophecy. fact is with speculators and stocks that are sold and bought every microsecond by massive computers there is no such thing as economics anymore.
I take it you don't have a background in the topic.
do i have a degree in it? no. but thats a bs degree anyway.
I do actually. I have a B.A. in International Economics. I'm not claiming to be the next Milton Friedman, but I can assure you that economics is much more substantial than what you were implying.11 Bravo wrote:
do i have a degree in it? no. but thats a bs degree anyway.
Again, I'm not trying to take the Uzique approach on this, because I'm not an Ivory Tower type, but I do wish people would just take a little more time to research things.
ok tell me why i should trust any stock anymore since it is all driven from massive computers and nothing to do with the company itself?
Honestly, I don't trust stocks either. I think it's a sophisticated form of gambling.11 Bravo wrote:
ok tell me why i should trust any stock anymore since it is all driven from massive computers and nothing to do with the company itself?
Privately traded companies are much more stable in the long run, and Certificates of Deposit are safer investments than stocks.
Because those computers are simply following short term trends. You can't beat them if you are a day trader and following stupid stock tips yelled at you from a tv screen. The only way to make money in the stock market is to pick your points and hold long term. Bad news for a solid company driving the price down? Buy. Sell when you must, not when you think the price has reached it's cap. That's just stupid. Shorting and short term buys are the realm of computers and people that do it for a living. It's not where you or I should or need to be. Most of the time you see movement from professional traders simply because they feel they need to make trades in order to earn their paycheck or because they're following what everyone else is doing. Traders are lemmings, if they're selling, wait for them to slow down and buy.11 Bravo wrote:
ok tell me why i should trust any stock anymore since it is all driven from massive computers and nothing to do with the company itself?
Edit - Also, the economy != the stock market.
Last edited by JohnG@lt (2010-11-17 08:56:08)
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Example: Cisco is a solid company that made a statement that it wasn't going to pay out a dividend next quarter. People took it as a sign that the company is in trouble. Maybe it is, maybe it isn't. Either way, it holds a large part of the telecom and networking markets. The stock closed last Wednesday at $24.49. The next day it tanked down to $20.52 and kept going down to $19.34. Now is the time to buy the stock. It's got a 52 week high of $27.70. Buy today at $19.64 and if it goes up to even $22 you'll make $12 for every $100 you invest. That's a solid 12% gain and easily achievable. This is the kind of stuff you look for.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Really has very little to do with this topic, but I read somewhere our state just capped campaign spending at $100k per party candidate or $150k for independents. They also capped the maximum individual donations at $2k and banned donations from alcohol, tobacco and gambling businesses.
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