Traders Make Millions After Hacking Press Releases

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I wonder how often this happens? I have made maybe $2000 in stocks in the last 10 years...these guys are so greedy they hack press releases. I am not surprised.

a reply to: reldra

Insider trading is probably the norm on wall street.

We small timers might as well put our money down at the casino.

originally posted by: olaru12
a reply to: reldra

Insider trading is probably the norm on wall street.

We small timers might as well put our money down at the casino.

yep. I have made a little money...I luckily, in the late 90s got mails (not even sure how) from Motley Fool before they started selling their 'guides'. One they recommended, continuously goes up, I will not be a millionaire, but I can take out about $700 out of a certain one once a year, leave some in and have the dividends auto-invest. I picked a couple others that make a little too.

a reply to: reldra

Just look at the insider trading that happened on 9/11. If that doesn't get your panties in a bunch what does?

originally posted by: olaru12
a reply to: reldra

Insider trading is probably the norm on wall street.

We small timers might as well put our money down at the casino.

Agree with your first statement, but not so much with your second.

I agree that the little guy/gal isn't going to become a millionaire overnight.... but there are stocks that are relatively safe to assume will increase in value over time. When I first started I bought companies like GE because I suspect they will be around forever and they pay dividends. Lately I've been buying SPDR shares of S&P 500. Again, not going to become super rich but I expect to have some growth.

Look what the Chinese just did, devalued their currency overnight and tanked the global stock exchanges.

The Fed was all set to chase the mortgage rates back up the kiddie slide and shake out some housing shadow inventory.
Now that idea just looks stupid.
With the current negative US inflation higher interest rates would have more damaging effects than positive.