Do we even NEED a stock market?

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Joe Montana

Green Bay, WI

#1 Sep 30, 2008
Do we even NEED a stock market?

There sure isn't anything in the constitution about stock markets OR share holders,
so
it is not like we can't get rid of it.

Naw,
corporations are all bad.

In fact, if you read into the history of corporations in the United States you will see that they were supposed to be about doing things for the common interest that were too big and expensive for any individual to do.
look it up.

here's one starting point.
http://www.poclad.org
Joe Montana

Green Bay, WI

#2 Sep 30, 2008
I meant,

Naw,
corporations are NOT all bad
fraud

Green Bay, WI

#3 Oct 1, 2008
seriously.
This guy has got it right on.

Who needs a stock market?
Thanks for posting Joe
Prospective Pax

AOL

#4 Oct 1, 2008
Senators who voted No to the bailout bill

Here's the quick list of the senators who voted NO on bailout/economic rescue.

Allard (R)
Barasso (R)
Brownback (R)
Bunning (R)
Cantwell (D)
Cochran (R)
Crapo (R)
DeMint (R)
Dole (R)
Dorgan (D)
Enzi (R)
Feingold (D)
Inhofe (R)
Johnson (D)
Landrieu (D)
Nelson (FL)(D)
Roberts (R)
Sanders (I)
Sessions (R)
Shelby (R)
Stabenow (D)
Tester (D)
Vitter (R)
Wicker (R)
Wyden (D)

THANK YOU SENATORS FOR STANDING UP FOR THE REGULAR PEOPLE
Bobo

Spring Hill, TN

#5 Oct 1, 2008
You're a nutcase and you don't know what a stock market is.

The stock market is a central place where anyone (or their representative) can go to buy, sell and trade shares of ownership in a company.

You also don't know that pretty much EVERY industrialized country has their own stock markets.

In the USA, the NYSE, NASDAQ, etc. can go away tomorrow and other stock markets would open up the next day.

Also, there's nothing in the Constitution giving the government the right to disband the stock markets.

There isn't anything in the Constitution about gas stations and televisions, but we have them.

Your definition of a corporation is about as loony as they get.

You're a m0r0n.
Joe Montana wrote:
Do we even NEED a stock market?
There sure isn't anything in the constitution about stock markets OR share holders, so it is not like we can't get rid of it.
What

United States

#7 Oct 1, 2008
Bobo wrote:
You're a nutcase and you don't know what a stock market is.
The stock market is a central place where anyone (or their representative) can go to buy, sell and trade shares of ownership in a company.
You also don't know that pretty much EVERY industrialized country has their own stock markets.
In the USA, the NYSE, NASDAQ, etc. can go away tomorrow and other stock markets would open up the next day.
Also, there's nothing in the Constitution giving the government the right to disband the stock markets.
There isn't anything in the Constitution about gas stations and televisions, but we have them.
Your definition of a corporation is about as loony as they get.
You're a m0r0n.
<quoted text>
Why call him names? there may not be anything in the Constitution about stock markets but the greed and I believe illegal practices in some are covered by our laws. When I was a kid the market was somewhere around 500. Deals were made around kitchen tables and sealed with an honest man's handshake. Credit was not handed out like candy. Then the American dream meant stay in school,save,save,save. Build your credit slowly by paying your bills, proving you had the disapline to save. Then borrow money for a home,car or what ever. It meant having enough colateral to cover a loan AND sometimes that wasn't enough. A man I knew made a very unwise financial decision. He corrected it but his bank refused him a loan and he had enough in his savings account to cover the loan. Then it was all about RESPONSABILITY and honor. Today it is all about greed and they don't care who they walk on to get there's. Also, I am pretty sure the Government's job is to protect us not help ruin us.
Joe Montana

Green Bay, WI

#8 Oct 2, 2008
Bobo wrote:
You're a nutcase and you don't know what a stock market is.
The stock market is a central place where anyone (or their representative) can go to buy, sell and trade shares of ownership in a company.
You also don't know that pretty much EVERY industrialized country has their own stock markets.
In the USA, the NYSE, NASDAQ, etc. can go away tomorrow and other stock markets would open up the next day.
Also, there's nothing in the Constitution giving the government the right to disband the stock markets.
There isn't anything in the Constitution about gas stations and televisions, but we have them.
Your definition of a corporation is about as loony as they get.
You're a m0r0n.
<quoted text>
Actually,
if you ever take the time to read about the history of corporations in the United States,
you will see they were once nothing like the wealth extracting units they are today.
EVEN George Washington and all those so called 'founding fathers' hated corporations as much as the king of England.
go ahead.
read the history.
if you dare to open your mind
Bobo

Spring Hill, TN

#9 Oct 2, 2008
I call him names because he deserves them.

You must have been "a kid" during the 1800s then, because the American stock exchange has been around since the 1700s.

You're a liar about the 500 share figure, since the average daily volume hit 8500 in 1835.

Of course illegal practices are prevented by law, but that wasn't the thrust of his post.

You're a fool if you think greed is illegal. Greed is NOT illegal if you feed it through legal means.

Credit has been fairly easy to get since before this country existed. Consumer credit actually goes back to the early Roman days, and credit in the stock market is as old as the concept of stock trading.

People have always walked on others to get ahead. You're naive to think otherwise.

You're not as knowledgeable as you think you are. Here's your sign.
.
What wrote:
<quoted text>Why call him names? there may not be anything in the Constitution about stock markets but the greed and I believe illegal practices in some are covered by our laws. When I was a kid the market was somewhere around 500. Deals were made around kitchen tables and sealed with an honest man's handshake. Credit was not handed out like candy. Then the American dream meant stay in school,save,save,save. Build your credit slowly by paying your bills, proving you had the disapline to save. Then borrow money for a home,car or what ever. It meant having enough colateral to cover a loan AND sometimes that wasn't enough. A man I knew made a very unwise financial decision. He corrected it but his bank refused him a loan and he had enough in his savings account to cover the loan. Then it was all about RESPONSABILITY and honor. Today it is all about greed and they don't care who they walk on to get there's. Also, I am pretty sure the Government's job is to protect us not help ruin us.
Bobo

Spring Hill, TN

#10 Oct 2, 2008
If my mind was as "open" as yours is, my brains would fall out.

You don't have a clue what you're talking about. Quit babbling, idiot.
Joe Montana wrote:
<quoted text>
Actually,
if you ever take the time to read about the history of corporations in the United States,
you will see they were once nothing like the wealth extracting units they are today.
EVEN George Washington and all those so called 'founding fathers' hated corporations as much as the king of England.
go ahead.
read the history.
if you dare to open your mind
fraud

Green Bay, WI

#11 Oct 6, 2008
Bobo wrote:
If my mind was as "open" as yours is, my brains would fall out.
You don't have a clue what you're talking about. Quit babbling, idiot.
<quoted text>
haha.
other person's response: "Don't tell me what I don't want to hear"
"If you disagree with me, you are an idiot" ~says someone who doesn't want to hear things they do not like.
fraud

Green Bay, WI

#12 Oct 6, 2008
Bobo wrote:
I call him names because he deserves them.
You must have been "a kid" during the 1800s then, because the American stock exchange has been around since the 1700s.
You're a liar about the 500 share figure, since the average daily volume hit 8500 in 1835.
Of course illegal practices are prevented by law, but that wasn't the thrust of his post.
You're a fool if you think greed is illegal. Greed is NOT illegal if you feed it through legal means.
Credit has been fairly easy to get since before this country existed. Consumer credit actually goes back to the early Roman days, and credit in the stock market is as old as the concept of stock trading.
People have always walked on others to get ahead. You're naive to think otherwise.
You're not as knowledgeable as you think you are. Here's your sign.
.
<quoted text>
One would also be naive to believe that greed is the only thing of human nature. When it is in fact only one thing.

“was like that when I got here”

Since: Aug 08

never comfortable enough

#13 Oct 6, 2008
Lets just get rid of money sit in an all male drum circle and become luddites.
NJM

United States

#14 Feb 13, 2009
Since about 1919, there has been no real need for a stock market at all to create economic growth. Nor do tax cuts really have any positive stimulus on economic growth.
Rutgers Historian James Livingston points this out:
...The rationale for these cuts came from the supply-side arguments of the 1980s (personified by Dick Cheney). It goes like this. Investment, productivity, and employment will increase if you augment the incomes of those who do the saving and investing. These already wealthy folks will acquire a new monetary incentive to invest in goods production if you raise their disposable incomes by cutting their taxes. That investment will in turn produce larger payrolls and more taxable incomes, thus canceling the revenue-reducing effect of the original tax cuts.
Then as now, these supply-side arguments have two defects. First, the history of the 20th century is the record of increasing productivity and output as functions of declining net investment.
Economic growth doesn’t require greater investment after 1919, in other words, so it certainly doesn’t need higher profits or executive incomes. In fact, any shift of income shares away from labor and toward capital—any shift away from consumption and toward saving or investment—will be a cause of crisis, not of growth...
...Second, tax cuts have never, I repeat, have never caused increased investment—not in the 1920s, not in the 1960s, not in the 1980s, and not in our own time. The empirical record is uniform: net investment keeps falling no matter what. Don’t take my word for it. Consult Peter G. Peterson, a co-founder of Blackstone (a private equity group just gone public), and a former cabinet member under Nixon and Ford.
There is no cause-effect correlation between lower taxes and greater investment because, again, economic growth no longer requires, or even allows, increasing net investment. At the macro level, we can improve productivity and output just by replacing and maintaining our existing capital stock—we certainly don’t have to make any additions to it...
Essentially it is worker productivity that provides the the money to reinvest in business and buy whatever technology is needed to improve a businesses ability to improve productivity, provide a profit for the business owner etc.
Idi O Syncrasy

Farmington, CA

#15 Feb 13, 2009
Joe Montana wrote:
Do we even NEED a stock market?
There sure isn't anything in the constitution about stock markets OR share holders,
so
it is not like we can't get rid of it.
There's nothing in the Constitution about Shoe Stores either.
Or Car Dealerships or Grocery Stores, for that matter.....

Where would you buy your Stocks if there were no Market?

The Market is a money generating machine, but like Poker, you need to know when to hold out and when to buy in.
Paul

Ireland

#16 Jul 3, 2009
These brokers add no value, they take.
Parasites.
You want to invest in a company do it, why pay brokers and middle men.

“Why is Warren Buffett Democrat”

Since: Jul 09

Mindanao, Philippines

#17 Jul 14, 2009
What wrote:
<quoted text>Why call him names? there may not be anything in the Constitution about stock markets but the greed and I believe illegal practices in some are covered by our laws. When I was a kid the market was somewhere around 500. Deals were made around kitchen tables and sealed with an honest man's handshake. Credit was not handed out like candy. Then the American dream meant stay in school,save,save,save. Build your credit slowly by paying your bills, proving you had the disapline to save. Then borrow money for a home,car or what ever. It meant having enough colateral to cover a loan AND sometimes that wasn't enough. A man I knew made a very unwise financial decision. He corrected it but his bank refused him a loan and he had enough in his savings account to cover the loan. Then it was all about RESPONSABILITY and honor. Today it is all about greed and they don't care who they walk on to get there's. Also, I am pretty sure the Government's job is to protect us not help ruin us.
If you read the book (or see the movie) Les Miserables (Victor Hugo 1802-1885) it shows an example of how a good hearted man treats a corporation. When he abandoned the company he divided the "shares" to his employees according to seniority and left the company to them.
Greed and fear run the stock market and greed and fear will run anything that mankind touches. The great tulip bubble of 1637 will go down in history as the greatest mania of all time. A contract of tulips sold for ten times a man's income. In today's wages that would a half million dollars. Then the crash of the speculation which wiped out many. The housing industry is experiencing the aftermath of a similar bubble now.
The stock market is only a vehicle for man's greed. There are some philanthropists (Warren Buffet) who do good deeds with their money but unfortunately I find (would love to be proved wrong) that they are the exception to the rule.
Silence Dogood

South Windsor, CT

#18 Jul 30, 2009
The present day stock market is a fraud, plain and simple. You, as an individual, would have better odds of making money by walking into a casino and dropping $100 on the double zero of a roulette wheel. HFT and computers account for anywhere from 50%-80% (depending on who is reporting the numbers) of all activity in the market today. What goes under the guise of 'providing liquidity' is nothing more than wholesale manipulation and siphoning off of wealth that would better be distributed to the real value-adders, those who do the actual work creating goods (and to a lesser extent, services), aka people like me and you. Brokers, traders, investment banks and their ilk provide no value to humanity, they are merely sucking at the easy-flowing teat that trillions of dollars sloshing around in the market provides.
sixfingers

Scranton, PA

#19 Dec 30, 2009
The US, the economy, the world, GAS PRICES, etc... would not be where they are in right now if it wasn't for the stock market, at least the stock market the way we know it today, especially with computers getting into the mix... Look at the indices chart, its apparent that when computers were brought into trading the manipulation began.

Get rid of the stock market = problems solved...

and no need for the name calling, everyone is entitled to an opinion, after all, economists, analysts, advisors, etc.(in my opinion, all BS jobs) are full of opinions and guesses and they don't change the issue at hand... just because they use fancy words and can make their reason sound like the right one, its still just an opinion and their guess is just as good as mine...
Wild Card

Knoxville, TN

#20 Dec 30, 2009
Money for nothing? Nope. When a dividend was a windfall resultant of sound business practices, ab-so-friggin-lutely. When the shareholders began to drive the principals toward a one time, super fast payday at the expense of the principle and the Country- NO. Work for your money.
sixfingers

Scranton, PA

#21 Dec 30, 2009
it's nothing mre than a magnet of greed...

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