This Is Who Is Taking Care of Our Money?
- Posted by: Morgan Clendaniel
- on February 2, 2009 at 3:50 pm
I just visited Google Finance’s Dow Jones Industrial Average page, in order to see today’s cratering stock market. In an attempt to get some analysis on why things were going so awful today, I clicked on some of the links they featured. That is when I came across this site, Market Oracle, which features charts like this: 
and words like this: “… but forbidden principle of energy is that ONE source of energy is able to produce different visible shapes in different places at the very same time. This principle could nowhere be better revealed (we mean “made visible”) than with charts #2&3: as a matter of fact, the surmised blue i/ii with VIX is perfectly falling into harmonious synchronicity with red i/ii for ADR and blue i/ii for XJY2XEU and the US $ ; in other words, a full EWS tower including VIX, XJY2XEU, the US $ and ADR would be the best way to grasp that the SAME energy impulse should be materializing as a 5 wave move at the very same time thru these 4 indexes/markets.”
Until about six months ago, I would have assumed that people who do finance are much smarter than me, and that is why I cannot understand this. But if you guys are so smart, why are we losing all this money? Answer me this. Now I am pretty sure these finance people are just totally crazy, and that maybe we should just go back to supply and demand and buy low, sell high. These are the people who we have somehow let take over deciding how much our money is worth.
DISCUSSION: 2 Comments
Wow… You know, you’re right. I’m a pretty bright guy, but up against an arsenal of financial vocabulary, I feel pretty helpless. Imagine the irony though: People go to college for a decade to pursue a career in the financial sector only to learn that the vocabulary and charts they’re using don’t work, and haven’t ever really meant anything; they’re simply using it all to make money off of people who aren’t armed with that information.Would it be funny or sad? I’m not sure under which circumstances I’d be more aggravated: People who don’t know what’s going on putting our country into debt, or people who claim to know what they’re doing putting our country into debt. =)
Well, i really don’t know – its like talking about a article written in a foreign language. Just because you don’t know what it says doesn’t mean that it is gibberish.What is more interesting – each time a stock gets sold there is a seller and a buyer.So in essence somebody thinks something is worthless, while the other thinks the price will go up even further.And in the end everybody in the stock market is thinking about oneself and ones own profit – nobody cares if somebody else lost money in the deal they just made.