Indeependent
Diamond Member
- Nov 19, 2013
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No one said that.I know of absolutely no brokerage firm that will tell you to go ahead and buy a house or a boat based upon your stock return. That is not what it is for or how it is used.Its not a claim, its a fact. Because people make foolish choices does not alter that.Most people expand or build new homes, go on vacations and buy vehicles based on their Stock Portfolio.Thats because the stock market is NOT the economy.The stock market doesnt do anything for the economy. The stock market takes and takes and takes till there nothing left to take. Thats what unfettered capitalism does. Dont you know what builds a healthy economy? Working people do. Look it up.
Perhaps you should learn the differences before making a bigger fool of yourself.
To claim the Stock Market is not de facto the economy is foolish.
There are MANY people making foolish choices because they have been fed the nonsense that Investment Firms are honest and know what they're doing.
What happens is that investment values are never audited.
Clients believe their Financial Statement and Online Screens.
Clients spend money like there's no tomorrow.
And why shouldn't clients spend money that the Exchanges tell them they have.
After all, aren't people paying all those Free Market companies Fees to ensure that the illusion is real?