Thursday, September 18, 2008

Dumbest Metaphor Ever

"Mr. McCain faulted the Securities and Exchange Commission, saying it had 'kept in place trading rules that let speculators and hedge funds turn our markets into a casino' and said that its chairman, Christopher Cox, should be fired."

Does he not get that the stock market has never guaranteed results and never seen the big warnings not to invest money you can't afford to lose or will need shortly?

Technically, it's more like parimutuel betting, which is the kind you do at the track. Odds=stock prices, you can research the bloodlines and track records of horses, which is like doing research on companies by reading about their products, management and their SEC filings. The CEO levels of management are the jockeys. If the horse wins or the company succeeds, everyone gets an equal payout on their investment/bet after the house's cut. Much fairer than nickel slots at Casino Arizona, no?

I am The Don's daughter, God love him.

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