Join our growing community to challenge mainstream media bias and fix the news
New York Stock Exchange president says the stock market is not a casino

New York Stock Exchange president says the stock market is not a casino

New York Stock Exchange President Stacey Cunningham rejected comparisons between stock market investing and gambling, saying the former is much more regulated and highly overseen. Cunningham was responding to Sen. Warren’s comment where she had said that ’investors big and small are treating the stock market like a casino,’ in response to last month’s situation with GameStop, Reddit, and Robinhood

Sandra
Sandra
Sullivas
Sullivas 3 months

I would say that short term investments in stock are certainly like a casio.

Robert_Clearwater
Robert_Clearwater 3 months

It's a big table and there's plenty of extra space but you're not invited.

Montgomery
Montgomery 3 months

Definately not a casino. In a casino all players have the same odds. In the stock market the rich are manipulating the market to steal from the poor.

Ken Williams
Ken Williams 3 months

They're conditioning us to prepare for new regulations that will disadvantage the average guy and protect the big boys. Lots of lobbying money on Wall Street.

WWIII
WWIII 3 months

My bank account says it’s way better than a casino, I can make money with stocks, now I just need to find a way to get elected into congress so I can get some insider trading tips and make some real money

Test Steam
Test Steam 3 months

Looking at some of the comments here... Then opening a business is a bet, I have no guarantees I will make money. Being an employee is a bet. I have no guarantee I will get paid. Yes it's more regulated in that I should get paid and hence lower risk, I think that's what the article is about. Virtually all we do is a casino, the level of regulation determines reward percentage.

Duncan
Duncan 3 months

Yes it is

Dave
Dave 3 months

Yeah, in a casino the rich can't manipulate the results to make millions while the poor get left holding an empty bag.

Just Keep Scrolling
Just Keep Scrolling 3 months

Yeah...casinos are more transparent with how they rig their games.

Goi
Goi 3 months

He's right. It is worst than a casino.

Nunya
Nunya 3 months

wait, so the NYSE isn't a casino? I'm shocked. I'm really glad he clarified it. I was so confused. I hope he got a bonus for that announcement.

Forgotten the
Forgotten the 3 months

As long as I can remember, betting on black or red was definitely gambling and definitely something you did in a casino? Has that changed all of a sudden?

Trevelyn
Trevelyn 3 months

Yes it is .With insider trading and dirty politics .You can lose your whole life savings in a blink of an eye . Just like you can at the poker tables in Vegas . If you know something going to increase the value .Your going to double down. At the same time if something is going destroy the value .Everyone in their wright mind is going to bail out . Stop thinking all people are stupid .We know how rich people manipulate the market .We small time payers do not have the ability .

Indo
Indo 3 months

And that is the best thing I've heard in a real long time from anyone. But then that's not going to stop it. It makes their day so.

Tim Baker
Tim Baker 3 months

LOL not a casino he says! If anyone believes that I know if a Nigerian Prince who needs their help.

IvoryDove
IvoryDove 3 months

Casinos can't rig the odds.

Cary Brown
Cary Brown 3 months

How amusing, people like Stacey Cunningham are utterly deluded about what they're involved in.

Aaron
Aaron 3 months

Pretty sure it is... especially based off how long Wallstreets been riggin the whole game...

Top in Business