Man, There Are Some DUMB MUTHERFUCKERS On Wall St.

[Beetwasher]

Listen up dummies. As if you needed any more evidence than the supposed "glitch" yesterday that sent the market into free fall; REGULATION IS FOR YOUR OWN GODDAMN GOOD.

Idiots.

Honestly, some of the dumbest people I have ever known were stock brokers. Don't get me wrong, I've known some really smart one's too, but it's really not a profession that necessitates a high IQ to be involved in. Those that are smart can do very well, but again, being smart is not a prerequisite for doing well. In fact, I could argue that the real quality that can help you achieve is the ability to be able to lie with impugnity and stab people in the back and then step on their throats to get ahead. Lack of a conscience and low cunning will get you farther on Wall St. than smarts, IMO.

What happened yesterday should tell us all we know about Wall St. They need to be saved from themselves. The fact that they could design a system that can be so flawed as to allow what happened yesterdy shows they NEED the gov't to babysit and supervise them.

Tell me again how these guys deserve their million dollar salaries if they can design a system that allows a typo to wipe out billions of dollars in a matter of moments?

Thanks for making the point FOR regulating you more eloquently than any politician or I ever could.

[Billy Burnett]

1. What kind of nanny state regulates fat fingers that hit "B" instead of "M"?

:sarcasm:

[lib2DaBone]

4. True. There was no "Trader Error". It was the Plunge Protection Team in full force.

Their excuses get more lame by the day... car bombers who lock their house keys inside the car.... and now a trader who hit the "wrong key" which caused a thousand point slide... oh brother... how much does that Brooklyn Bridge cost? OK.. I'll take it... :-)



:eyes:

[sharp_stick]

2. Hell Lenny Dykstra made money

at least for awhile, then his inate stupidity caught up with him and he lost it all. The fact that this idiot was hailed as a genius by other traders and the ever present moron Jim Cramer should let everyone know that there are a lot of fucking morons trading stocks.

Daytraders are just like people that hang out at the track or pull handles on slot machines for 12 hours a day. They all lose it in the end.

[kentuck]

3. I agree.

This proves how much they need supervision and regulation to keep them from doing stupid stuff.

[Beetwasher]

5. Yup

[mod mom]

6. some of those "dumb motherfuckers on Wall St" probably made a killing yesterday.

:grr:

[Beetwasher]

7. As I Said, They Are Not ALL Dumb Mutherfuckers

And yes, some made a killing, but taking advantage of a situation doesn't necessarily mean your smart.