ST Alpha - "Wait. How is this not gambling? You're spending real money on virtual items. There's nothing backing these securities." (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 156

In response to "so have we heard Cantor is taking HSX real in 2009? will you play?? -- (link)" by pigby the snowman

Wait. How is this not gambling? You're spending real money on virtual items. There's nothing backing these securities.

Posted by Mop (aka rburriel) Dec 8 '08, 08:59

It's not like a commodities market where - if you buy oil or corn - there's actually a stockpile somewhere (even though you may never actually get access to it).

Raul

Responses:

is that like credit default loans? -- nm - loosilu Dec 8, 09:01 1
- It's too complicated for us. Just approve it and be done with it. -- nm - SEC Dec 8, 09:05
there are futures markets in non-tangible things, like the value of the Dow or S&P over time -- nm - pigby the snowman Dec 8, 09:00 1
- True. The future markets are nothing more than gambling. Legalized gambling. The casinos should all move to NYC and buy the failing brokerage firms. -- nm - Mop Dec 8, 09:02

Post a message top

Wait. How is this not gambling? You're spending real money on virtual items. There's nothing backing these securities.

Replies are disabled on threads older than 7 days.