[Public_Domain]

[Tricks]

Mr_Canada Mr_Canada:

Lemmy, apparently there's no reason to hate times like this, you should be like those stock market assholes and pray for these recessions and low economic times so you can make the BIG BUCKS cha ching! Woo capitalism, the economic system that makes sense.

Is that why during the depression they were offing themselves?

[Public_Domain]

[Lemmy]

Mr_Canada Mr_Canada:

Lemmy, apparently there's no reason to hate times like this, you should be like those stock market assholes and pray for these recessions and low economic times so you can make the BIG BUCKS cha ching! Woo capitalism, the economic system that makes sense.

Nah, I'm not really into making money at others' expense...though I did buy some put options on RIM this week.

[Tricks]

Mr_Canada Mr_Canada:

I'm sure I read somewhere that there was like one suicide or so during the depression do to events on the stock market. The idea that they were jumping from buildings was never true, although that of course is a shame.

A few did, not all of them, but definitely a handful.

$1:

Anyway, now when the economy is 'bad' they invest in a buncha shit for the inevitable rise. Make tons. I watched some trader go on a tirade about how he wakes up each morning hoping, begging for another recession.

Smart business sense

[Public_Domain]

[Tricks]

Mr_Canada Mr_Canada:

Some of the less well off of the traders lost absolutely everything and more because of short-selling and thus they were likely the ones who had the urges to off themselves; the richer individuals did not suffer anything like that though and didn't even experience too much of a change in their lifestyles. Current problem is a bit different, now they bet other people's stuff.

Other people who voluntarily handed it over. If I gave my money to an investment firm, and they lost it all, it was my risk and I knew it. But then again, I'm intelligent, unlike the vast majority of OWS protesters

[Public_Domain]

[Tricks]

Mr_Canada Mr_Canada:

Yeah the people who lost their homes voluntarily handed those over lol.

Poisonous thinking that really does sound utopian in its "it'll all be hunky dorey eventually" attitude.

That's banks. Not traders.

[ShepherdsDog]

Lemmy Lemmy:

Mr_Canada Mr_Canada:

Lemmy, apparently there's no reason to hate times like this, you should be like those stock market assholes and pray for these recessions and low economic times so you can make the BIG BUCKS cha ching! Woo capitalism, the economic system that makes sense.

Nah, I'm not really into making money at others' expense...though I did buy some put options on RIM this week.

gonna play the derivatives market?

[Lemmy]

Oh yeah. I'm a big fan of options trading. It allows you to "control" VAST quantities of stock while only ponying up a tiny fraction of their value. I'm not a terribly sophisticated investor. I'm no expert when it comes to investment or the stock market. But I am an expert observer and the way the rich become filthy rich is by exercising options.

And speaking of observation, I watched my Nokia stock get the living shit kicked out of it over the past two years. Guess who's next on Apple's hit list? RIM closed Friday at $19.31. It could very well be in single digits in six months and I'm gonna make back the money I lost on Nokia on that wager.

[PublicAnimalNo9]

Tricks Tricks:

Mr_Canada Mr_Canada:

Yeah the people who lost their homes voluntarily handed those over lol.

Poisonous thinking that really does sound utopian in its "it'll all be hunky dorey eventually" attitude.

That's banks. Not traders.

The involved banks were every bit as guilty and irresponsible.

[ShepherdsDog]

I took a kick to the nuts from RIM. My dad convinced me to invest the Crocus Fund and RIM both. Mind you, I don't think too many people expected RIM to pull a NorTel. I think what we had invested in our precious metals fund covered most if not all of the losses though. I am happy with my RY shares. Started buying them in '87 when they were at $4 and a quarter (or so) each.

[Zipperfish]

Tricks Tricks:

I'm intelligent, unlike the vast majority of OWS protesters

The problem isn't that there are stupid people out there, Tricks. The problem is that the stupid people are too stupid to know that they are stupid.

So even though you claim that you are intelligent, by the Dunning-Kruger Effect , you may only be doing so because you're too stupid to know you're stupid.