Interesting irreverent site:
Friend of mine sent me this yesterday. Thought you might like it. <G>
wallstreetjovial.com
With an interesting glossary:
wallstreetjovial.com
Examples:
CNBC - Consumer News and Business Channel, owned by NBC, which is owned by General Electric, which is in the DJIA; smell the conflict of interest yet?! Singlehandedly responsible for leading millions of greedy, clueless wanabee investors down the primrose path. Arrogantly placed several full-paged ads in major financial publications apologizing for putting their viewers in a higher tax bracket, paying absolutely zero attention to the poor bastards on the losing end of the transaction.
Investors - Misleading term used by the captured financial press as a way to lump all stock investors; institutional, insiders, specialists, market-makers and retail, into the same category. This way, almost zero attention is given to the true nature of this market, which allows it to remain a mystery, and continue to steal money from individual investors every business day.
market-maker - Nasdaq counterpart to the NYSE's specialist, constrained to operating as an oligarchy, not a monopoly. There are approximately 5,000 market-maker firms on the Nasdaq, with around 30 of these commanding over 90% of all business.
Overvalued - Opposite of undervalued. An absolutely worthless term utilized by Wall Street types to whip up selling interest in a stock they wish to accumulate.
Retail - Technical and derogatory term for an individual investor, as it implies we are paying too much.
Elias, Christopher - Former editor of the NYSE's official magazine in the late '60s who was so shocked with the true functioning of the NYSE, that he began a book to expose how individual investors were being sheared by the bullies. On discovery of the manuscript he was asked to stop, he refused and was fired. The book was published and allows the reader an incredibly rare insider's view into the private club of the NYSE.
Federal Reserve System - Created in 1913, this is corporate America's most powerful tool, masquerading as a quasi-governmental public-service body. Responsible for conducting monetary policy for the benefit of the national commercial banks forced to join the system, and forced to buy stock in their respective district bank. There are 12 Federal Reserve district headquarters: Boston, New York, Philadelphia, Richmond, Atlanta, Dallas, San Francisco, Kansas City (MO), St. Louis, Minneapolis, Chicago and Cleveland. The Board of Governors consist of 12 people who are appointed to a 14-year term by the President of the U.S., while the Chairman's term is for 4 years, selected by the same. Not subject to governmental checks and balances, the Fed, as it is affectionately known, finances itself, so our representatives in Congress have no control over its purse strings, and consequently very little leverage over corporate America..
Greenspan, Alan - Chairman of the Federal Reserve. Born in New York City in 1926, he has served as Federal Reserve Board Chairman since Reagan appointed him in 1987. He has become an almost revered figure, as the media has conveniently and parasitically latched onto his pleasant persona as a way to disguise and sterilize the continuing corporate affronts to individual liberty.
Spread - The difference between the bid and ask, or one of the many prices we, as retail investors, must pay to the corrupt stock market system for the privilege of buying securities
And interesting commentary:
As we listen to the collectively captured media use words like "suffer," "beating," and "carnage" to describe the recent downturn in the Nasdaq, we wonder who is actually hurting. While brokerage house after brokerage house reports record quarter after record quarter, it's painfully obvious who is getting hurt. As usual, the individual investor is bearing the brunt of the evil games played in this cruel system by the greedy bullies who dominate this system. We'd love to see the prominent financial press, just once, admit this.
Don't allow CNBC and the rest of the captured press to influence you to panic sell with their ridiculous focus on the Nasdaq approaching some imaginary "bear market territory" threshold. Remember, the beginning of nearly every quarter is an opportunity for the Wall Street Establishment to swing stock prices violently, as their equity and option inventory positions have not yet been established.
Although the Wall Street Establishment has the absolute ability to crush the entire stock market almost immediately (as they have done in 1929, 1962 and 1987, to name a few), too much money is available for them to steal from individual investors for them to quit the game just yet. |
