The entire system is rigged.
The stock market. The media. The congress. The Justice System. Every damned thing is rigged so that the oligarchs win and are above the law
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The entire system is rigged.
The stock market. The media. The congress. The Justice System. Every damned thing is rigged so that the oligarchs win and are above the law
Today:
Disney - 194.82
American Airlines - 20.52
Delta - 47.91
Southwest Air - 57.33
If you listened to me your welcome.
I am now buying the cruise line stocks
Carnival today - 25.21
I will continue to hold the others. Once the stimulus plays out and the reopening happens I plan on only holding disney and will wait to buy back in after the market corrects. It will.
This is not a rigged system. You have to be intelligent about how you invest.
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Stock market is gambling. I've got rich off drinking and gambling. Buy bitcoin. Thank me later. Up big today already.
But let me say that the OP is correct, the market is rigged. However, investors/gamblers can use this knowledge to their advantage if they can grasp an advanced understanding of how the market is run and influenced by the fear mongering media. Fear and greed are big drivers of the stocket market. The lying, deceiving, money hungry media is used to influence markets. The sheep will follow what the media tells them and a lot of the times the markets go the opposite way that the (fake) news media indicates. A good example would be the pump and dump schemes that get the media to go to bat for them and pump up the price quickly but then the price will rapidly fall and the suckered are left holding the bag. A lot of times, the media writes an articles praising a stock and then it plummets, and vice versa. The media blasts a stock, saying it will tank and instead it goes to the moon. You have to know when to believe the media (rarely) and when they are deceiving everyone and manipulating narratives with an agenda (often).