Editor:
If you play the stock market today, beware. There are sharks in the tank.
The stock market has changed 100 per cent in the last 20 years from investing in a company that you like and want to invest in to a La Vegas gambling racket.
Anyone who has a computer can play the game and if you play the game with lots of skill you can make 1,000 trades an hour on headlines in the news. Sharks don’t care about the companies that they buy, just the trends and charts of up and down.
If you buy stocks and play the market like a piano with skill, you don’t need to know anything about the company that you bought. In times past it would take you a number of days to buy a stock that you like through a broker – now in one day you can buy and sell thousands of stocks in one sitting and you have no idea what you bought or sold.
The computer has changed everything, but the stock market has stayed the same and there are expert sharks out there with many computers who know how to take your money. The rich sharks get richer even when the market goes down and the poor simple average person on his one computer loses his shirt, house, marriage and life.
Bob Evermon, Davis Bay
