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Day-trading stock platforms are stealing from the poor and giving to the rich, causing depression and suicides

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For hundreds of years, the typical market-pricing mechanisms determined the value of businesses and companies. Cash flow and profitability were always a critical metric in determining if a business was viable and worthy of additional capital to grow the company and its profits.

Snake oil salesmen at day trading firms that “charge no commissions” tell novices that “it is different this time.” Upon reviewing a few websites of the most significant day-trading firms, I realized that many statements in their learning centers ranged from stretching the truth and lying by omission to outright material misrepresentations. Remember: If something seems too good to be true, it is.

Since the credit crisis, many media outlets and politicians have been fixated on the stock market. The stock market is where fortunes are made and made quickly. One of the ridiculous false narratives put forward by politicians and their talking bobbleheads on TV is the fallacy that increasing stock prices reflect national prosperity.

How many times have you heard some TV bobblehead repeat the same refrain: “Stocks on Wall Street today surged because two million jobs were created” or “Germany's DAX stocks tumbled today because a million more jobs were lost” or “Riots and Covid-19 are expected to kill many small businesses across the US”?

Whatever stocks do, the media feel it necessary to give you their opinion, presented as news, on why markets moved. Sometimes the media are correct, but most of the time, they are clueless. Your main risk management goal needs........

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