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Old September 19th, 2017, 12:56 PM   #11
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We're coming up to the 150th anniversary of Capital by Karl Marx...who discovered back then that capitalism is not a stable economic system to begin with and is prone to booms and busts as well as monopolies of production and ownership...which we sure as hell are seeing today!
Marx was wrong about many things. Monopolies always fall eventually.
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Old September 19th, 2017, 05:32 PM   #12
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Stocks going up and down is the result of supply and demand. Demand is people wanting to buy. Supply is people wanting to sell.

The price is the measure of the balance between these two forces. The price represents an average of everyone making their individual decisions. It as an old cliche to say that fear and greed are what drive the market.

What makes people afraid? They are are afraid the market will go down and their assets will lose value.

Greed? People like to be able get what they want.

Described this way it certainly seems silly to place our financial security at the whims of a fickle mob. Yet over the long run this systems works out almost all the time. Sometimes the market becomes an irrational mob. Too many people buy at once creating a bubble. Sometimes too many sell at once creating a crash.

But hopefully underneath the psychology there is something supporting the value of the market called fundamentals. Fundamentals consist of hard assets owned by a corporation and income those assets produce. When fear overruns the fundamental value that is for savvy observers of the market a buying opportunity.
I never went to college or read Stock Market for Dummies but made a fortune going in blind. I fully understand charts and graphs so I attribute that to my success. I also never diversified and played it like a high stakes poker game and made fifty thousand in one day during the crash of 08. I also always played with my money even though I could wager much more borrowing from ETrade to increase my bet five times but I was wary of that because I could have lost it all. I got completely out eight years ago and missed the huge rise. Never complain about the money you didn't make. Old stock market adage.
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Old September 20th, 2017, 12:19 PM   #13
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Marx was wrong about many things. Monopolies always fall eventually.
No, power in a capitalist system becomes more and more concentrated among fewer and fewer players until only one is left on the island. Look what's happened to this wonderful carefree internet that started 25 years ago...which we were told would be the bastion of freedom of speech and equality. Now, four global corporations control almost every aspect of online activity and two of those: Google and Facebook earn over half of all ad revenues.

Monopolies only fall when brave politicians...who can't be bribed...pass antitrust laws to break up the monopolies. Those laws are gathering dust now in America as we can all see by increasing concentration of wealth and corporate power. Let the market decide and we end up with Jeff Bezos becoming the first trillionaire and owning everything we need!
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Old September 20th, 2017, 12:43 PM   #14
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No, power in a capitalist system becomes more and more concentrated among fewer and fewer players until only one is left on the island. Look what's happened to this wonderful carefree internet that started 25 years ago...which we were told would be the bastion of freedom of speech and equality. Now, four global corporations control almost every aspect of online activity and two of those: Google and Facebook earn over half of all ad revenues.

Monopolies only fall when brave politicians...who can't be bribed...pass antitrust laws to break up the monopolies. Those laws are gathering dust now in America as we can all see by increasing concentration of wealth and corporate power. Let the market decide and we end up with Jeff Bezos becoming the first trillionaire and owning everything we need!
Monopolies fall because the market eventually finds a way around them.
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Old September 21st, 2017, 12:15 PM   #15
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Monopolies fall because the market eventually finds a way around them.
Sure they do! There's the world imagined by David Ricardo and his priests like Milton Friedman...and then there's the real world:

Comcast looks forward to more mergers during Trump presidency
https://arstechnica.com/tech-policy/2017/09/comcast-looks-forward-to-more-mergers-during-trump-presidency/


Subtitle says it all:
Comcast VP is glad Trump is “less hostile” to mergers than Obama.

A lot of independents...especially those living in cities where Comcast is the only carrier thought that Trump's rhetoric meant that he might break up Comcast...since it already was a violation of antitrust laws that Democrats claimed to respect.

So, now that the political system is completely owned by the oligarchs, they can merge their way to total monopoly. I wonder if I'll live to see the day when Trillionaire-Jeff Bezos owns every corporate enterprize while his think tank stooges make the rounds of Bezos-owned media telling us about free market virtues!
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Old September 21st, 2017, 12:36 PM   #16
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Yeah, that buggy whip factory monopoly is the secret society that runs us all.
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