capitalism *is* fun :-)

working your way up … the easy & fun way

Stock markets and gamblers  

This is a bit of an older news, but I loved it:
Angry investors have attacked the Karachi Stock Exchange in Pakistan, after share prices plunged.

karachi_385x185_370432ajpg200875760 

I love these guys. Investing their money in stocks, in a country which barely has something to be called “an economy”. I wonder what do those people think? That stocks are something which can always be bought for cheap and sold more expensively? And that stock prices are driven by governments or the people who operate the stock market? Did those guys imagined that after trashing the KSE, investors from London would simply start placing BUY orders for huge prices? I think they enjoyed their afternoon tea watching this on satellite TV.

Somebody should create a Stock Plunge Protection Team, to help suffering investors. This almost resembles the US gas price caused, “pain at the pump”. People’s birthright of making tons of money without working (or thinking), must be protected at all costs.

These “investors” looks like they have hedged their portfolios well:
pstan600

I would love to post more on this one, but I almost spilled Coke on my laptop a few times, laughing, while writing this post.

Best quote from a Pakistani investor:
I am upset because I am constantly losing money and there is no one ready to help me.

Please give this guy a hand :)

The article has

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Written by robert

August 4th, 2008 at 5:09 pm

Posted in Markets, capitalism

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