A Common-Sense View of the Stock Market
by Charles Hugh Smith
Of Two Minds
Common sense leads us to the “obvious” conclusion that the U.S. stock market is a rigged skimming operation that is essentially a form of legalized, officially sanctioned fraud.
Active traders and professional money managers already know how the U.S. stock market actually works, but Joe and Jane Citizen, whose pensions generally depend on the market in some way, typically do not. This entry is for them. Today’s financial markets are endlessly complex, and this complexity implicitly serves to mask the true nature of market operations.
Most of this complexity can be boiled away with zero loss of understanding. Indeed, manipulating this complexity is what earns the big bucks on Wall Street, while boiling it away earns the big bucks for commentators and analysts. Thus complexity serves the financial industry extremely well.
Continue Reading at OfTwoMinds.com…
2012-08-09 09:59:51
Source:
