Friday, June 27, 2014 9:18:48 PM
I meant scam in the manner that its all about trading the stock and it doesn't matter what the company is doing, if the public buys it, then its fair game to speculate. Further, the price of the stock on a big board, is padded by the REINVESTMENT done internally with employee issued stock, 401ks, share buybacks, etc etc etc. It's not even the market driving the price, its the company gaming it from taking money from your check and giving you exchange in shares. Does it work? Hell yeah because big banks need the liquidity or else the whole house of cards fall.
I've also worked for a Fortune 500 company and run locally/state level politics, from top down the American economy is driven by emotion, nothing more, nothing less.
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