Posted by larryhoover on August 7, 2011, at 4:15:44
In reply to Re: Will the markets plummit tomorrow?, posted by SLS on August 5, 2011, at 11:01:20
> The stock market is like a horse race. The prospectus is the racing form, and the race is fixed by those who have inside information.
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> - ScottAs a director of one public corporation, a director of another in the IPO phase, and a director of two corporations yet to IPO, I can attest that it is financial suicide to trade on insider information, or to become a source for same. That said, there are bad apples in any sector of life.
It does help to develop connections in the industry, however, as there is information that can be gleaned that might influence an investment decision that is not considered to be material (i.e. the criterion for insider information).
I've not had internet access this week, during all the market swings, but I think the biggest problem going forward is the downgrading of the Fed's credit rating, which if I'm not mistaken, occurred after market close on Friday. There may be a massive dumping of U.S. securities on Monday at the bell.
Lar
poster:larryhoover
thread:992846
URL: http://www.dr-bob.org/babble/social/20110722/msgs/993030.html