Martin D. Weiss

One of the most important questions of all …


Over the past several days, I’ve asked you to give me your answers to several important questions.

It’s part of my personal campaign to give you the best tools available for multiplying your wealth in 2013 and beyond.

The key is, it’s vital that I have an understanding of YOUR investment goals and challenges in order to help.

And now, we’re down to my final question in this series, one of the most important of all …

Is the stock market a fair place?

What advantages do the rich and
super-rich have that you DON’T?

Please click this link and give me your answer now!

Good luck and God bless!


475 responses to One of the most important questions of all …

  1. And another thing…

    Yes, the Fed is pumping; that’s helped the market. This is a chance for the “little man” to rake in some profits right along side the rich Dudes. So, no negative comments from me.

    It’s not “rigged”, it just “is what it is” due to financial circumstances – let’s all take advantage of it instead of worrying and fussing about it.

    Go with the flow and you’ll become wealthy. That’s what the Fat Cats (thank you, Al Gore) do.

  2. Sure the market is fair.

    With interest rates artificially low, there is no other place to get a return on capital. So, we have to make profits somewhere. If interest income was high, the market wouldn’t be so attractive with all the risk.

    I say “to the Moon, Mr. Market!”, and take my investments with you. I’d rather make these huge returns than to get chump change from 5% interest.

    I’ve been bullish since the bottom and it has paid off.

    As long as all the publications are bearish, I’ll be bullish. As soon as they join in the party, I’m splitting.

    What’s not to like?

  3. Fair Market – It’s rigged with the Fed’s $85 billion every month & other nations (Japan, England and Europe) printing money, the little guy doesn’t stand a chance. It is not a normal market we have experienced in the past because of the Feds interference. Too much false info out about the USA Markets (housing industry, bank stability, employment stats, inflation —- equation does not include food and fuel costs, government policies relative energy independence, etc)!

  4. Observation of SNTS data over the past 2.5 yrs from Nov 2011 to present:
    1). Positive price trend & MACD and a positive Weekly STO; in addition,
    2). there is a positive correlation with RXL over same time period.


  5. Friday morning before the market opens, the jobs number comes out and is luke warm at best 165,000 is about half this country needs to get on its feet. The /es or the spy jumps 20 handles and the market will respond to this with buying in the index of stocks. When bad news is ok and good news is great, the market still moves higher. Goldman Sachs makes a call that gold will probably end up around 1400. A few weeks latter someone dumps thousands of /gc gold contracts on the futures market and dumps the gold market from 1550 to 1325 in 2 days. What will happen when this done to the spy, rut, ndx, dow?
    Control of the futures market by the big boys and their preferred customers will run this market.

    1. The sell in May crowd hopefully leaves and gives me good entry points for further putting my cash to work.

  6. barb Bellant has said it all. She has a good hold on the workings of the market. I agree with everything she has written

  7. The stock market is so corrupt and crooked , it is designed to rob you every last red cent you owned.[ yet others are happy to admit complacency ?] No you fools [respectfully] the market is broken.[until I realized this , I now make money in the market]

    The super rich have access to successful money managers & political lobbies who never cater to middle America, They are well connected to mega cap business and POLITICAL INTELLIGENCE FRESH OUT OF THE black house, aka white house. They use their money to access actionable intelligence that affects their investments interests.[ so pay up for good information if you have access.] in real time. that is a advantage to bank on,

  8. I will echo what everyone else has said above…..The wealthy have people to help them invest their money with information we just do not get. They also have the resources to put substantial amounts of money in the market areas that will give them greater returns which inturn produces more money for them as well. However, they do have their own subsets of problems that the “people with lesser assets” do not share. I can’t give great examples because I’m not amazingly rich, but everyone has problems and money can certainly bring a different set of problems into the mix if it’s not handled properly.


  10. The wealthy and well connected will always have an advantage. Look at our politicians that trade on insider info legally and become quite wealthy.If you or I tried that we would GO TO JAIL. They recently passed a law making it illegal for them to continue this practice but I noticed they are crafting language to again make insider trading for a selected few legal.What hypocricy.

  11. The Rich and Super Rich are probably much better connected than I am, hence having the inside track with regard to investment information.

  12. I have followed the market since the 60’s. The rich will always have an advantage that the small investor can NEVER Have. They have access to information that will never reach the small investor……

  13. No, the market is not fair. I use the best advisor I can find. Good results so far. The rich have more resources and access to information not available to me at a price I can afford.

  14. I can’t even respond to this, as I know nothing of the stock market. I can’t say it’s fair or unfair and what the rich have as an advantage over me is they know how to invest in stocks, and h=firstly have the money to do so. This is precisely why I ordered your newsletter to try to learn something about stocks….which ones to invcst in , where to go to do this, who to contact about stock investing and all of it essentially.

    1. Arleen, I did the exact thing as you did as I want to learn the stock market as well. That’s why I invested in their newsletter as well.

  15. No. The Market is not fair. It is manipulated, constantly. The only advantage the rich and super-rich have is that they can become Market Makers.

  16. The stock market is not fair because of computers used for trading and having no human guidence. The rich and super-rich can ride out any market downturn better than any average investor and keep their money in the stock market for better long term results. And i believe that some of the super-rich have use of different forms of insider-trading.

  17. The rich usually have ammple available cash to timely invest amounts to make quality returns worth while. And can afford losses and risk.

  18. Access to IPO’s; Private equity; Until recently members of Congress could invest using insider information even on bills on which they were voting; market is being manipulated by the fed and the super rich have favorable contacts; people with former government positions are hired by companies which they formerly regulated for their inside knowledge which ultimately benefits select investors.

    1. James ,
      You are EXACTLY right. advisors for congressmen crafting healthcare legislation are former health care Co. execs ! And when they are done advising congress, they will be back at top positions at Blue Cross , Well Point, Big Pharma , etc. again! Congress is working for their own benefit and big business, not for the American people. When congressional finance committee members rake in $ 20 million dollars from big banks as they consider and craft banking laws, their judgement is highly affected to the detriment of the “average Joe”. What a scam.

  19. The average person must depend on services such as yours if they are to have somewhat of a chance to grow their money to a point where it can work for them when they are to old or feeble to work for it. At 1/2 of 1 percent interest at the banks, what used to be a safe investment is now guaranteed to loose due to inflation and taxes. The super rich have the time to make investing a science where the average person must spend their time working to make a living.

  20. We are learning a lot from the rumor/hacking that sent stocks tumbing yesterday from computerized trades that picked up three key words yesterday Obama, WhiteHouse, explosion. When they were found to be inaccurate stocks quickly recovered, but that is not the issue. The issue is that computers are constantly scanning the news (without human intervention) When they detect critical information, depending on the news, stocks are either bought or sold in a split second sending stock prices skyrocketing or tumbling. There is absolutely no way we can compete with that. Yesterday was a rarity, the big guys got burned, but it was only as a result of a hacking rathber than a reaction to a real event. Normally they are the winners… at our expense. By the time we get the news and can act, it is already too late, the market has made its big move. For the foolish who do act, they end up selling at the bottom, or buying at the top.

  21. I’m not sure of the answer to this question, but I have a strong suspicion the market is slanted against the small investor.

  22. Dark pool trading and lack of transparency may be influencing the market. The “average” trader doesn’t have access to this.

  23. The markets are not really fair in that insiders and the very wealthy can either manipulate the market or go with the market based on inside knowledge. Ocasionally an insider gets prosecuted just to show that regulators are doing something, or because that trader got somebody angry, but generally insider trading is ignored or even abetted.

  24. I really think (as many do) that the market is manipulated by those with means. We can still do fairly well if we stick to dividend paying stocks etc. However, it is pretty difficult to compete with the kind of competition we are up against. And then we have the Fed taking away decent interest rates and devaluing the dollar as it prints tons of money in their failing attempt to keep the economy from crashing. Things don’t look to rosy for our future. But then again we know that most civilizations who based their money source on paper money finally failed in the end. Is that where we are heading?

  25. I have never been comfortable with the stock market. I did have an independent financial advisor but it cost me more and I lost more than since I went on my own. But most of the time I try to follow newsletters and The Wall Street Journal. But I really do not have a background in investing.
    I have limited time and don’t really know what would be the best approach to educating myself.

  26. I have never had a great deal of trust in the ability of the market to reflect truth. I believe the “rich” (as that term may apply to institutional-type heavy hitters) manipulate the marketplace to their advantage and to the disadvantage of the small investor. We are along for the ride and go where the institutional investors take us. It seems impracticable and unreasonable that the market reacts to insignificant events in foreign countries and ignores the reality of the deficit in this land. Having said that, I cannot deny that over the decades, I have indeed benefited from participation in the market. I perceive the marketplace much like a CEO of Bank of America/Merrill Lynch who can take hundreds of millions of dollars of “bailout” money and give it to employees as bonuses to those who helped create the problems. What is wrong with this picture??

  27. Two questios rolled up into one. I never really gave it a thought. But they are good questons that tequire some insight that I do not profess to have. However, I”m sure there are many answers. And I”ll add mine for whatever worth it may be. The biggest problem for the little guyis
    Contacts within the system. Reminds me of our trusted lawmakers raking it in on trades not readly avaliable to the public. It” a game of who holds the cards. Secondly, Education. Lots of good reading out there Read Ben Graham on Value investing. The Oracle of Omaha was a student. Nuff said.
    Bob S

  28. The rich can maneuver in the market in ways that others cannot.
    Often when I sell a stock, I must wait nearly a week to be able to reuse the funds to buy into
    something else, and too much can change in a week. The rich have more liquid assets at their
    disposal. The rich can also buy a huge number of stocks that will give a decent profit if they
    only move a few cents in a positive direction. The rich have many advantages…, sometimes it
    seems like we with less to invest are just losing our money to the rich market movers.

  29. Except for people with inside information, I believe the stock market is a fair place. Although, I think insider trading is a much bigger problem than we know.

    Some advantages of the rich and super-rich are that it’s easier for them to invest globally and to shelter their income from taxes.

  30. As a believer in the free market I sometimes think the little guy doesn’t get a “fair” shot at relevant nformation on a timely basis. So he has to rely on”analysts” for current information. One just hopes that he’s listeninig to the knowledgeable guru who is not just trying to feather his own nest.

  31. As far as I know it is a fair place. It would be better if Washington, mainly barak obama, got out of the way, and let Capitalism work.

    Horrific laws like obamacare and Dodd/Frank destroy Capitalism and the Stock Market, which, is barak’s number one objective.

  32. I do not trust the government statistics. They affect the public’s
    Sentiment and the market.

  33. Fair? Well, when it can be manipulated by a few to “steal” from the many,,, then, it is not fair.

  34. To your question regarding fairness, what a JOKE, look at SPY @ 1:09 – 1:10! It’s obvious the market took out all the STOPS for a quick gain. Tell me the Stock Market isn’t RIGGED!

  35. Does it really matter? We have to trade with the markets that exist. It is what it is. Not a utopia I’m sure.

  36. I think that it is fair most of the time. the super rich can influence the markets like the Hunt brothers did with silver years sgo. Many of the large investment funds obviously will effect the market when they sell or buy 100’s of thousands of shares. And many times they are like our wonderful congressmen and have insider information.

  37. The main advantages of the rich are that the tax codes are written for them the middle calss be damned. The society is for the rich, middle class and poor don’t get any breaks, they have to make their own.

  38. The stock market is fair since you pick your own investments. Of course the super-rich have the advantage to trade on insider information.

  39. I think for the most part the stock market is fair.Sometimes you feel like a mouse in a room full of elephants. As for the rich and super rich ? I do not begrudge them what they have or make in the markets.I am happy for their success.It is part of the American way and we all get a shot at creating our own successes and failures in life.I just feel lucky to live in a country where that continues to be true.

    1. ‘”They have extremely quick access to information and full time people to react to it asap as well as electronic/computer programs to react instantly to certain types of information. A poor commoner like myself may find time everyday or two to see what’s happening. There is no way for me to win. Sort of like using a slingshot to bring down a high flying supersonic jet.

  40. The Stock Market is fair. Some of the people involved with the Market are able to take advantage of their position.

    The Rich and super Rich , due to their position in industry are more able to take advantage of any available advanced knowledge.

  41. Fair, what’s fair about the market?

    Superrich advantages? If I knew, I’d have them also.

  42. No, I belive the super rich have an advantage. By the time the average person hears the news it is to late.

  43. No, the market is not “fair”, never meant to be. I think it’s manipulated by the rich, the banksters, the hedge funds, the fast traders and by the massive number of ETFs. The latter cause all stocks in a given ETF to go up or down together regardless of their real value. I used to trade a lot, which was good for my broker, but now I stick with my choices (all good dividend payers, historically) and my portfolio is holding steady, no super gainers, just steady gains.

  44. No it is not fair. It is rigged and right now I believe it is being bubbled by free funny money from the Helicopter Ben with the Fed. A lot fraud, pump and dump schemes and insider trading. No real price discovery in this market.

  45. I totally agree with Mr. MacAllister view’s. I sometimes wish the Stock Market would shut down for 30 days just to see if the world falls apart.

  46. I have learned lesson, mostly the hard way, by trying to out think the market. The trick is to study whatever instrument you chose to trade so you can increase your winners and manage your losers. Everyone wants the big winner but slapping five or six singles a month adds up. Discipline to follow your plan is another hurdle most of use battle when money is involved. Good advice is sometimes difficult to heed! I totally agree that our present redistribution government policies are the wild card that prevent the market from behaving logically. Fair markets are markets driven by facts instead of accounting spin and dishonest management. All of our money poured into ‘Green’ industry companies that no longer exist is a fine example of an arrogance that the wasters know what we need better than we know ourselves. If all of that money had been used for private sector R & D, at least a chance of technological advances and efficiencies may have resulted. I find humor in statements that ‘we will increase our exports by 30%’. Continue to crush the curency and we may increase it 40% or more but what have you got. As Ross Perot told Clinton during the debate ‘I got a penny, here’s another penny. I just doubled my money but what do I have – two cents.’ Something like that anyway. I hope all the rest of you wagon-pullers are getting as tired as I am with all the freeloaders jumping on. JMO.

  47. Yes, the stock market is manipulated by the government and powerful entities such as J.P.Morgan et al.
    The super rich and the very wealthy have access to inside information … stock take-overs, manipulation, and special information.

    What to do? Read as much as possible by independent sources and before acting on their advice verify their track record for yourself to see if they are not just arm of promoters pushing stocks.

    It’s a mean world out there and we all must be prudent and be willing to take gambles. If we think the stock market and investing in general is not a gamble, then we are fools in a paradise of thieves.













  49. The. rich have money to pay information gatherers and advisors which provide advaantages over small invesrors. The markets are relatively fair at the levels of the super rich, the rich etc, who compete against eachother at their levels as it is at the levels of the small investors.

  50. I don’t think they have any advantage.

    Its all about buying the right stocks for the right price and then selling at the right time.

  51. You can answer your own question since really only a moron does not believe they as an individual everyday person that is investing in the stock market, is really at a disadvantage. When congress can do their insider trading even to this day without really having to worry because the worst that will happen is a slap on the hand and a naughty naughty, when the top of the chain CEOs and Boards and upper management have the access to information they do….really can anyone believe the game is fair?

  52. Is the stock market a fair place?
    What advantages do the rich and
    super-rich have that you DON’T?

    My short answer, still incomplete:
    Thre rich and super-rich managed, as a general principle and fact, to create the national environment to preserve and enhance their interests. This ‘micro’ systemic advantage, the least to say, they have and I have not.

  53. No the stock market is rigged. I am reminded of a few lines from one of the Gilbert and Sullivan operettas, “…the stocks were a penny and ever so many were taken by Rothchild and Baring and just as a few were allotted to you, you wake with a hope of despairing…”

  54. Yes, the wealthy always have an advantage. They have the dollars that are needed to earn more dollars now. The beginning non-wealthy investor will have to take years to acquire sufficient dollars to really make a large worth while investment gain. Obviously it pays to acquire a substantial inheritance.

  55. Yes, with either ensightful personal or professional research before purchasing any given stock. I’m not sure if the rich really have any advantage if invested in the Market.

  56. By becoming a successful student of the market, one learns of the advantage of STARTING AS EARLY AS POSSIBLE to invest in the safest, oldest and proven dividend paying companies … to buy and hold and reinvest all dividends FOR THE LONG TERM ….. PERIOD. One allows the nest egg to grow; any additional available funds can be used to buy the stock at an opportune moment to build on positions … PERIOD!!!

    For those of us that are behind; leverage may or may not be used successfully to catchup … which brings us back to … becoming a successful student of the market.

    Honest and forthright financials advisors may give others excellent advice … nonetheless, preservation of wealth requires wisdom, appropriate action and patience.

  57. I agree with the majority of the opinions stated that the rich do usually have an advantage in that they can easily acquire knowledge that is privy to them. Is the market fair? Is life fair? Once you figure that out you’ll have your answer.

    1. No of course, the stock narket is not a fair place, but I don’t expect either, that many think so.

      As far as the rich and the superrich are concerned, they have the advantage, that they can put much more money into every bid thereby earning much more money. But would they have better advice than I have? I am not sure.

  58. Fair Market?
    Reminds me of what one of our presidents said, “It dependes on what the definition of “is” is!
    What’s the definition of fair? First of all, a “fair market” assumes a market played out of a relatively level playing field, a market basically controlled by “free market forces.” No…we don’t have that today.
    However, as you pointed out before, Martin, stocks have become the new, defacto, currency, one that even the U.S. Government cannot raid, as they did in 1933 by stealing the people’s gold and, more recently, givng the Cypus savings account holders a deep haircut. Right now, investment-wise, precious metals aren’t it, soverign bonds aren’t it and the dollor sure as hell isn’t it (One mustn’t be blindsided by the dollar’s current rise vis-a-vis the euro, pound, won, et. al.. Keep checking it against real money…gold & silver). Notice I said “investment-wise”. But as a senior senior I’m more focused in survival tactics and stragegy and that means accumulating real, enduring, mediums of exchange…guess what?

    Advantages of the Super Rich?
    I think that Henry Ford answered that very well during his trial where the attorney for the procecution tried to display Ford as an uneducated ignoramious who just happends to own a hugh company. When asked how he would respond to a given intricate problem, Ford said, “Very simple. At my desk if have an elabroated call-control system. If I need some advice concerning an engineering problem, I just press the “Engineers” button. If I need advice on methods of marketing, I just press the “Marketing” button. AND if I need legal counsel, as in this trial, I just press the “Legal Counsel” button…and you can see them sitting just over there!”
    I.E. The Supper Rich have top, well paid, advisors on any and all matters of importance…nuff said.
    One final thought though…The Super Rich basicall have no nationality. Their underlying loyalty is to their wealth and its location (globally dispersersed). Basically, I imagine that they try to copy the playbook of the Rothschilds and J.P. Morgans and that gang.

    “Let me issus and control a nation’s money and I care not who writes its laws.”
    …..Mayer Amshel Rothschild…..1788, “The Father of International Finance.”….Forbes Magazine
    Of course his son, Barron Nathan Mayer Rothschild, set up the Central Bank of Englando (BOE) that Nelson Aldridge coppied and in 1910 and was eventually blackjacked into law 23December 1913 as our Federal Reserve, having been voted down for three years basically as unconstitutional…which it is! On that at lease, Ron Paul is right. Get rid of the Fed, but at the same time, you must get rid of the “fractional reserve banking system.’. No precious metal monetary standard will endure without a 100% banking reserve system. Paper money should be notheing more that certified warehouse receipts for a specific amount of precious metal BY WEIGHT and level of purity…nothing more!
    Congress will never enact this, of course, so we have to wait for the coming monetary crash to enact it. But I think that it will be a very narrow window of opportunity before other major financial forces install their man, like they have in the current central banks of FED, BOE, ECB, BOJ, et. al..

  59. I don’t know if this is factual, but it tells a story: It is rumored that Warren Buffett met with President Obama to discourage the western pipeline. If it is true to any degree Buffett enhanced his investments in the railroads he now owns that transport oil which would suffer if the pipeline is built. It is further rumored that he greased the skids with a hefty contribution to the President’s causes.

    As I said, this could all be rumors, BUT, it does suggest that big bucks get special attention which the average investor does not get. Of course, large ownership positions also have more control over the price of shares simply by virtue of numbers.

    It seems as fair as it could be without some system of handicapping to level the playing field.

  60. Is it fair? To whom? Not to the small retail investor without inside information.
    As for the Rich and Super-Rich, they probably have the right contacts to get that inside info.

  61. It is fair and unfair.It depends how you use it.If you put a little portfolio of dividend stocks together and hold them,and don’t trade often,it is fair enough.That is investing.If you are gambling with your wits and skill,anymore it is unfair.What with the advent of computerized trading,the Plunge Protection Team,and the FED’s machinations inside it,and others.The fundamentals are skewed beyond reality and you are going to be trimmed if not taken apart by the big machines waiting for you.

  62. Certainly it is not fair game, but we have to make sure we swim behind the Shark and follow his direction the only problem when the Shark turns 180 degrees with open mouth!!

  63. It is not fair at all. Big money can move markets, to its on ends, and does, more and more frequently. Remember Jesse Livermore.

    1. YES it’s as fair as anything in life. YOU CAN OPT OUT!

      The rich as you call them have an advantage because money is their game and they know it well.

  64. WELL you have plutocrats in charge and plutocratic control .Then you have the sheeple .You tell me!

  65. certainly the stock market is not fair, because he who has the gold makes the rules, and this
    is the politicians and the shadow government., and the big banks and the Federal Reserve who
    have all of the inside information.The only hope for us underlings is to listen and act on Weiss’
    recomendations. I like Larry Edelson because I believe he is honest.

  66. They have the resources and contacts to obtain information that the average small investor is not privy to.
    I believe the market is fair if you learn how it works.


  67. They often have inside information – not necessarily insider trading – but relationships that put a better perspective on investments, both good and bad. We are often reliant on our own research which only gets to a certain level.

  68. I believe that there is to much corruption with the TBTF banks and in the various markets and it’s been decades in the making. I think the real telltale signs is that if our federally elected representatives could legally trade on insider information, you know the markets are rigged.

  69. Stock Market is zero sum game where papers are traded. In small capitalization stocks, rich man can play games to control the price trends but in large cap, they do not have control. Only, financial sector is controlled by Super Rich since credit is like milk of mother. This is unfair to other people. If federal reserve is eliminated slowly then in future, we will experience mini boom and bust and will be short, and this will be better for general public.

  70. I feel the stock market is unfair to small investors and that is the reason all of us are reading & studying the information being sent. Without more knowledge or investment means we will not succeed.
    Ones with more finances can access more resources than us.

  71. I believe the stock market is fair; but one must study and learn how to invest, keeping up with what is going on in the world and learning what events and factors influence and drive the market.

  72. This may not be what you are seeking, but the Rich and Super Rich actually have more to worry about than just the average man. They have more targets to protect in the coming currency crisis. It is interesting that George Soros, Paulson, and Warren Buffet have taken large positions off the table. I guess they had too many targets to protect by leaving it in the market. I believe, like Prechter and Ian Gordon point out, that the market is looking at a Kondratieff Winter Cycle.
    The recent accumulation of tons of gold by the Chinese, Indians, and Russians should be noted. After the bullion is sucked out of the market place, then the gold mining stocks will be the next target. That is what Sprott has mentioned recently in their purchases in millions of dollars of Project Management Mining companies. I believe that the companies with cash flow due to production will be the ones to buy out the wounded mining companies left standing. There are too many mining companies for all of them to succeed.

  73. If you have the funds(big),you have inside opportunities.- that old populous butt kiss Buffet for instance. oh well he does “share” the wealth. But these computer driven giant trades are an issue of concern-set stops could kill you if they plan a flash crash and buy on dips-Daily?

  74. No, obvious even to my foolish self. The greater question is has America ever been fair to the lay man? Since it was founded by members of the Rich privileged and connected upper-class families, (checkout the painting – Signing The Declaration Of Independence) and fought for by the lower class serfs of yesteryear, (check-out the painting – General Washington Crossing The Delaware River) has anything really changed? That is the question my friend…

  75. I wouldn’t trust the stock market as far as I could throw the whole building as I feel it is being manipulated. The rich and super-rich have access to information the average person doesn’t receive. They hear about “deals” and possible events well in advance.

  76. The very rich have the ability to “move the market” as well as influence the laws that govern it.

  77. Fair? I hate to be cynical but America is changing and morals are decaying so no I don’t believe the market is a fair place to a large extent. I think the government fudges numbers that have an impact on the market and BIG players can influence situations.

  78. I think the wealthier have more money to pay for professional advice, the rate of return is relative but they can have a better advantage when they can afford the best advice. I know of some real estate investors who are paying much more than asking price for properties. they win hands down over people who are trying to buy with financing.

  79. With HFT and the ability of the Big Banks to manipulate the precious metals & other markets with impunity, coupled with the huge liquidity from the Fed’s massive printing & buying of govt debt, it does not seem that the market is guided by real business performance and/or real supply/demand reality. Also, the wealthy do not need to worry as much as I do over broker fees and newsletter subscription costs!!

  80. I would like to think the market is fair, but you can’t help wondering with all that’s going today!
    To the second part, it’s not a mater of what someone else has; it’s more in what a modest investor like me needs.

  81. Is the market fair? I have some doubt as it is so difficult with the meddling of the Banks, the Government, and the super-rich. As for the advantage of the rich, I would say it is plenty as they can afford more information and to some extent may actually be able to move a stock for their benefit. Also they are dedicated and constantly striving for their own personal goals. Maybe I am jealous. I know it is not easy.

  82. The market is rigged. The rich have access to inside info. We, the great unwashed, have no chance. Look at the “inadvertent” leak last week to congress & banksters !

  83. the small investor has pick his spots or sectors to invest . the rich and super rich do it on a larger scale with more money and investment tools. the government and central bank minulates the market to there advantage.

  84. The stock market is fair, of course. It is just that it is a little more fair for some than others and that cuts so many ways.

    The rich and super rich don’t have to worry about the lower levels of Maslow’s hierarchy, but they do have to worry about falling down to a level at which they would.

  85. the stock market is not fair. The rich and the government manipulates it as they see fit their needs. The little guy finds out when the money is long gone and if he joins he probably will make very little or lose.
    it’s getting very discouraging to participate but there are no alternative

  86. Money full stop. Trading account able hold on loosing position and take opposite positions.
    Example become more delta neutral. Pay for accountant. Pay for Programmer etc.
    Need only have low return on investment to make lots money.
    Able to trade lots different markets and take few losses along with good winners. More opportunity
    Have funds to trade leverage products. ie Futures
    Cash to pay for education, seminars. Finding out different way people think.
    Etc etc etc etc

  87. I am not sure whether the stock market is a fair place or not – I am most concerned with the possibility of central bank or government intervention in the market.

    I do not think the rich and super rich an unfair advantage. Many of them spent a long time researching and developing their own investment style and strategy. Yes, the super rich can pay for more research information but this does mean the always mean they will make money. Even hedge funds have different investment styles and often under perform the S&P 500 – like many did last year and yet hedge funds spent millions on research – so what is the advantage? Whether you have $25,000 or $25,000,000 to invest you still have to make decisions on how to invest based on your own personal style, experience and research. I believe the more you work at learning and developing a personal investment strategy, style etc. the more successful of an investor you will become.

  88. I think the market is fair. I assume the ultra wealthy have an advantage in their ability to look longer term than the typical investor. I think where the wealthy might really have an advantage is investments outside of the stock market. I think the internet has increased the flow of information and this allows the wealthy to find investment opportunities not available to the general public

  89. It would be more fair if there was education about money, finances, earning money by investing in various ways during our formative years. More people would use the information to begin investing when they’re young. Then they would have the ability to compete out in the market with a nest egg before retirement. If you work an average 9-5 job and have taken on the responsibility of a home and children it’s difficult to save and invest enough. Money makes money. A regular job just feeds you and puts a roof over your head. We were happy when George Bush suggested allowing youth going into the workplace to establish their own retirement accounts and were very disappointed no one agreed with him.

  90. The stock market is basically fair. You need to understand that the ruling elite will continue to have advantages, and will continue to “win” and become even wealthier. However, after they’re done “feeding”, they let a good amount of “crumbs”. The key for the little guy, is to grab a big handfull of crumbs.

  91. Chris, just ahead of me, has it about right. While Warren Buffet likes to “fish inside the barrel” he does not rush into a trade. He just insists on the whole meal – div’s, return of capital + warrants for dessert. I think the market works pretty fairly for the rest of us and I like Doug Davenport’s trend following strategy which I am participating in. Burke

  92. The stock market is not a fair place that every one trades on an equal footing. One of the more glaring examples of the unfairness is high frequency trading. Another good example is our elected representatives have access to information before the rest of the market does. As a result of the rigged system, I only trade ETF’s and trade momentum.

  93. MARTIN ,
    The rich run the government and are behind the scenes ,they pass laws to suit their needs .
    they have the influence to elect presidents on either party You vote and they decide !!!
    They have Special club , The multi billionaires club .
    Lets Remember what Warren Buffet said one time , Quote :
    I like fishing inside the barrel and not on the ocean !!!
    Have a nice day ,

  94. The rich and super rich have access to inside knowledge, are politically connected, can manipulate the market through options, and can use computers for high frequency trading to get ahead of the little guy

  95. Having advice and research guidance from specialists having expertise knowledge in specific areas and about specific situations is a big plus. Coupled with that is possessing enough time and money to make investments have good patience without being spooked into emotional selling or trying to trade as the market zig-zags up and down. That helps get richer.

  96. I believe the stock market is as “fair” as any investment vehicle can be. I also believe the rich have more analysts that can afford the time to assist the investor with more thorough and competent advice.

  97. The advantage for the super rich is inside information. they are all in Congress. Notice if there are 1000 people with 100mil or more then 535 are in congress and a bunch more in the administration. They have no clue what its like to live outside the beltway.

    The advantage for the rich is that they dont invest themselves. The use hedge funds and a pro manager.

    I have also noticed that the newly rich tend to do a lot of real estate. I think this is because you can get more reliable income from real estate than stocks. Real estate will pay you 8-10% where stock dividends will only pay you 2-3%. I have also noticed that once you become an accredited with a minimum set of assets then people are more willing to get you in on deals where you can make money and you dont have to find them yourself. Then it flips around and you have to tell the bottom feeders to go away.

  98. Despite market manipulations that some may consider “unfair”, if one uses fundamental and technical analysis along with reasonable asset allocations and strategies, it is possible to maneuver around those obstacles.

    The main advantages the super rich have are at least twofold. More than likely access to insider information and political influence . Also, the ability to move markets and make fantastic returns with the use of options alone. All I need is access to 100 million $ line of credit and I could get filthy rich in no time.

  99. I am surprised you would ask those questions. It depends who you are talking to, if you have
    the funds you can do most anything. Its a matter of prospedtive. You have received many good answers in others comments.

  100. Yes, and I believe that the super rich have inside info.
    I know WOW! Hard to believe… believe it.

  101. The rich have enough money to invest in places that the not so rich are not invited to join. Taking a company private, is an example. I could give Romney my vote but he wouldn’t take my money.

  102. The rich do have advantages: reduced impact of commissions on unit/share cost, early advice (at a price) and staying power ( one loss doesn’t wash you out).

  103. No!!! It is definitely stacked against the small investor.

    Implied in the term “super-rich”, They have the resources that provide (research) and
    (timely info) made available by the “super computers” of today!

  104. The question itself is a non-sequeter. And frankly, a dumb question. There is no answer since the markets at no time in their history have ever been “fair” –what does that mean?–. Who ever regulated the markets to be “fair” ? The markets should be regulated to punish criminal behavior. Outside of that “you pay your money and take your chances” so, being allowed in the game is the only fairness.

  105. The wealthy have better access to capital , leverage , advice and technology. By definition they have a much greater staying power and hence will normally remain ahead of the game.It is certainly not a level playing field .

  106. Is the Stock Market a Fair Place? I am a small bus owner for many years and have placed my savings in CDs until a few years ago when they along with mmf’s have become worthless. this has forced me into the stock market and Gold and Silver. Despite the background of having a BS Degree in Economics and having rising up to being in my previous corp career a Sr. VP Account Management on Colgate-Palmolive and having written Mktg plans for them tons of times, I am
    basically illiterate in investing in the stock market and I have lost over $30K in Gold over the past 3 years! Amazingly, college never taught me how to invest in the stock market! So is the Stock Market a Fair Place? From my point of view NO. If you are not trained in options and all those charts, (The tech vs the fundamental approaches) and having had the experience to see what works vis a vis stock trading systems, and Knowlegde to win, you gotta lose. I think the statistics are 95% of the small retail investor loses! And I have tried very hard to find someone I can trust to teach me and have not even come close to finding anyone.
    What advantages do the rich have that you don’t. Simple, If I was rich i could afford to find and buy expertise, Knowledge and inside contacts to know what to buy to make big money! Emphasis here is on being able to lose money in my quest to find the right receipe to make money on my money. I have saved quite a bit, I still can’t afford to lose money to make money. And I can’t just take chances to find the right formula and what I have seen is tons of chances out there to lose losts of money on bad advise.

  107. Unfortunately, no, the stock market is not a fair place, for at least two reasons. One is high frequency trading and the fact that those involved in it have knowledge ahead of the general public. The other is that even our government officials can trade on insider knowledge, and my understanding is that they have recently voted to make it even easier for government staff to do so. That being said, I do still invest in the stock market, but I do not consider myself a stock trader. Because of this, even though I am affected by these activities, it is less than it might be if I were trading stocks.

  108. No. High-Frequency-Trading . . . unmonitored illegal shorts . . . bail-outs . . . possible bail-ins, etc. Markets will always cycle higher and lower, but with current gov policy, they’ve become an uneven playing field. The big-boys have been allowed to privatizes their gains and then to socializes their losses.

    In the process, the markets have become more artificial, and making it more difficult to “invest” . . . to have a longer-term horizon.

  109. Their principal advantage is belonging to the good old boy’s club with better information–maybe a slight advantage doing business in size but hiring the best minds and maybe some accidental access to inside information has advantages.

  110. Fair? There is, I won’t call it insider trading since that would be illegal but when you get 6 or more professionals in any industry talking about the same subject, each one can impart strong hunches about the way an industry is going and before long , over lunch, you have a lot of money moving a stock or sector up or down a nickle. Fair? probably but are we at a disadvantage, you bet.

    Volume and timing! If you have $100000 to put in a single trade trade you can buy and sell in the same day at a .05 spread and make $5000. Take the brokerage fee of $8.95 for 1000 share at .00895 per trade share and you just made $4991.95.

    Now look at the funds that buy 20,000 shares at a time that is almost $100,000 for a .05 spread compared to you ad I investing in 100 shares or $1000 an we make $50-$8.95 or $41.,05

    They make 5% we make 4.105% They make more trades in a day than we make in a month and don’t pay half what we do in commissions. It takes money to make money and the rich have the money.

  111. Depends on the meaning of fair. Inside knowledge. Everything has a price. If you’ve got the money, you get the information prior to the manipulation. I’d have to say that the rich and particularly the super-rich have an advantage.

  112. the stock market is not fair in some respects. the rich and well connected will always have the advantage of being more informed and being alerted to issues before the smaller traders.
    some say it is a zero sum game. new traderrs discover that the markets usually do the opposite of basic logic. i believe this is deliberate.

    1. the super rich like buffet use insider trading. they know more than a year in advance what is going to happen. the super rich plan these things well in advance. they get laws passed to favor there companies in congress. laws passed to protect there investments. the game has all ways been rigged. you have to learn to play on the right side using the correct methods to be a winner. the key stone pipe line a prime example of obama protecting buffet and his train rail monopoly. so no its never beem fair more like a ponsi play in constant motion and movement. i do envy you guys who know how to play in the super rich snad box.

  113. You’ve got to be kidding. Proprietary HFT has rigged the stock market to favor only the super rich. The rest of us are just pawns in their game. Doubt it? Just ask how GS manages to make so much money QTR after QTR. I’d like to believe that Edelson can help us poor saps in some small way. We’ll see.

  114. It is no secret that big institutional firms have access to the trading super computer housed at the trade center and wired directly into the exchange computers. The influential wealthy either have access to the system or those who do and therefore are privy to information that the little guy just doesn’t have. By the time most of us hear about a trade it has already been ran up by the super wealthy privy to inside information. The best most of us can do is watch the trend and try to get a small share. So. To answer you question. When it comes to pure trading. NO the markets and trading is not fair due to the multi teared level of trading and trading information. Just look at the number of computer generated trades versus the amount 5 years ago. The big traders have the advantage of knowing what is being traded and jump in front of the line before those trades go through the system making the rich richer and the little guy gets the crumbs if not getting hammered.

  115. Of course it’s not fair!
    That’s why we subscribe to newsletters like yours to help level the playing field.

  116. The rich and super rich have major influence because of their wealth. Stock market brokerages and their account representatives tend to greatly favor giving VIP treatment to such people and offer them many attractive investment opportunities not available to ordinary investors. That’s the Wall Street environment.

  117. I believe the market is rigged in favor of the rich and the bankers. I am retired and it is difficult to find ways that are safe to keep ahead of the game. I think Bernake is keeping interest rates low to keep the banks afloat.. But it is hurting the little guy like me.

  118. They can withstand losses better as usually they can BUY extra good advice, but it is not always the case as some v/wealthy people DO NOT LISTEN—they know it all!!! The average person has to be on their toes,and not take on any unnecessary risk that they can’t handle.

    Denis (an optimist)

  119. Your job is to provide us with the infomation to help us make sound investment decisions ,I self direct my assets and rely on your input to make decisions that will increase the value of my assets. Keep up the good work.

  120. I do believe the wealthy have an advantage in the market. They have contacts I don’t have, they have inside information I don’t have, and they understand trading secrets that I don’t.

  121. They have intimidation, manipulation, and legislation, the last one being the REAL golden egg.

  122. it is not for the little guy. you have to have good advice, or be a senator or congressman , then you can make big money, otherwise it is like going to the casino.

  123. First, I’d like to correct something said earlier. There is not necessarily a loser for every winner. Since its inception the stock market, on average, has risen faster than inflation, so I can only conclude that there have been more winners than losers, or to put it another way, there has been more money gained than lost, on average.

    Secondly, I’d like to complement the Weiss organization for this very unique way of getting feedback from your subscribers. Very grateful.

    As to your subject for today, this is the only of your questions that I don’t have an answer and look to folks like you for answers.. I have two comments:

    1. 30 years ago we could look only at financial conditions in the US to make our decisions. Today we must look at world-wide financial conditions to make decisions.

    2. We must diversify our investments, and only a portion of our investments should be in stocks.

    I am not really turned on by up-coming Wed web-cast. It appears that this gentleman is going to focus on stocks, and the fact that he is going to tell us the ONE stock that can make us rich, runs against my personal investment objectives.

  124. I believe that financial knowledge – education is an asset and the lack thereof a liability.
    Not enough emphasis is given by the education system to the subject which should begin gradually, stressing the importance of good credit, the concept of assets and liabilities, sound investment et. al. Alot of educational effort is given with the goal of getting a good job but not enough on keeping – growing the money you make. I do believe the rich have a better opportunity to find and take advantage of sound investments. Money makes money and allows a cushion for the rich to withstand substantial losses the less rich could not.

  125. The Stock Market has changed radicly in my 70 years of being aware of it. I do not believe that the average person can now invest with any confidence anymore. There is not enough time for individuals to research stocks on their own and to find a reliable and wise market adviser is nearly impossible. In addition the rate of change in the economy and business environment has accelerated. I sometimes think that a nonagenarian like myself may have lived through the best of times

  126. It is certainly not a level playing field. With all the computer-automated trading systems out there, the little guy has no business doing short term trades. However, with intermediate and long term investments and doing one’s homework, it still can work for the little guy.

  127. Too many to list.
    They set on multiple boards.
    They intermarry Corporations as Kings of old.
    #1 advantage is access and switching into government and back into private sector in places of high power and knowledge.

    1. Not level playing field with all the retail stuff. Leading us to slaughter.
      Need acess to mlp and acess to preferred.
      Need hedge fund transparancy.
      Somebody driving market and it is not us and appears to be slot and vegas machine run.
      Really Really disappointed.

  128. Certainly more fair than the banks. But if the hedge fund managers accumulate wealth in hundreds of millions or even billions while the little guy is making a pittance in comparison,
    you know where the fairness and most of the profits went.

  129. The stock market is badly slanted to benefit the insiders who get more and better information than the public. Insider trading is rampant and guess what, members of Congress could insider trade, until recently, and there was no penalty! This Country is run by Wall Street and will not change anytime soon due to their overwhelming contributions to election campaigns.

  130. They have the inside information that is why we are subscribing to your services to give us that inside information before the rest of the world knows what is going on.

    So Martin you have your job cut out for you.

  131. I think the stock market is a gamble, though the more well versed you are in your game, the better your odds. I do suspect that there are those very monied individuals who have ‘ins’ that us poorer folk do not. Advantages of the rich and super rich? Anything money can buy. That money also provides a cushion should one of their gambles in the stock market not pay off as hoped or, should everything turn to worms, one would think they would have put enough behind them to not end up homeless or close to it, as so many people have recently. A cushion this not-so-young person is now striving for after losing almost everything.

  132. I agree with the others, not fair. Between the good old boy networks with all insider trading and the sophisticated computer programs making so many trades, the average investor is at a disadvantage. Doug Davenport’s approach does interest me though. Otherwise, we’ve been out of the market.

  133. As with most things in life, fair depends on your point of view. I think if you are going to enter into the stock market, you had better spend the time getting a bit of education first. If you treat it as a game of chance and only roll the dice and hope, you may walk away a winner but more often than not, you will have your head handed to you.Either way… you will be taught.

  134. Gentlemen:

    The people who make money not in the stock market, but rather “from” the stock market.

    Most little people lose their money- for every winner there “must” be a loser, so at least fifty percent of the people, will lose their money. Bad odds of course!

    The winners, the stock brokers and their buddies –

    The smartest way to make money, watch the graphs, wait for when the stock reaches its peak,
    wait for its rise, wait a little longer, then dive in – dont wait for the top or the bottom, play the middle somewhere or if you are a good diviner, use that, that’s more accurate of course!
    Do what the Rothchilds did” wait until blood is flowing in the streets, you can lose then, that is when you dive in, clothes and all. A lot of trades support the vultures, wait for the right time, put the vultures out of business.


  135. After my husband’s death and the wonderful financial adviser my husband had, our investment disappeared in so-called Limited Partnerships, where the broker received huge kick-backs, only all of them declared bankruptcy while I was still abroad. When I came back to US, all my retirement money shrank to US 15,000.00 which was once over one million US Dollars. I am 70 years old, receive from the US Treasury only a small Annuity. So far I was able to save again, but keep only US $ 30,000.00 in this country. I don’t dare to invest again, because I can not afford to lose the little I have. Nevertheless I enjoy following your advise and reading all I can of what is going on in the financial market.
    Thank you again for all you do for us subscriber.
    Kind Regards,
    Lotte G Bahr

  136. The rich are able to buy mutual funds that require high minimum purchases and have much better consistent returns. They also are able to pay for personal financial services management. In many cases, they also have access to “insider” investment information.

  137. I don’t think that the stock market is fair…………….the wealthy probably has more inside information and good connections.

  138. Inside information, connection with government, and connection with lobby groups.

  139. I believe some will get information before the rest of us. I sometimes wonder if it’s all legal.
    The rich can also buy more and better information.

  140. Market is not fair to individual investors. High Frequency trading has corrupted the market.

  141. “Fairness” seems like an arbitrary measure of sentiment.

    Measures directly related to investors’ results would include investment practices when given specific properties and prices of assets, each of which reflect chaotic mixes of measurements.

    1. Let’s face it the big boys at the big institutions have the inside edge over the regular investor on the street, plus they have lots of money to invest. Dave J. Lehigh Valley

  142. Stock Market “Fairness”? The exchanges that make up the stock market are governed by rules and regulations that evolved over many decades, such that our current stock market is “fair”. No one is forced to buy or sell, and the terms of use are well known and in writing. It wasn’t always this way, but one by one, unfair manipulation tactics and non-uniform rules have been shut down. If an investor thinks he has been unethically or illegally treated, he does have recourse through SEC procedures that do not require outside legal counsel to process. So, in my opinion, the stock market in the U.S. at least are fair.

    Does that mean individual brokers, their firms or even the companies that are bought and sold always honest? No, and an investor would have to be totally naive to expect that.

    Do the Rich Have Advantages that the Average Investor Does Not? Many have already commented, so my response here is brief: Yes, Yes. Yes!
    (1) Contacts, (2) Staying Power, (3) Enough weath to hedgee thru Options, and other means, (4) Info on corporate strategies, even when same is not technically insider information, (5) Political clout and advanced info on what is going to be enacted into law, (6) Financial advisors and analyst to screen, monitor and even execute trades while they are at the club mulling over the larger questions of the world, and how they might take advantage of the view.

    1. Again, the big boys have a huge advantage over the public, the guys that are on the trading floor and in trading offices I’m sure know when to get in and out of the market, short the market, etc, etc. dave j. Lehigh Valley, PA

  143. The Stock Market is like Farming, it’s a Gamble. Sometimes it rains and sometimes it sun shines, if you hit it just right you will have a good crop and make money.

    1. The market is almost a like playing at the crap tables in Vegas, one day you win another day you lose, you just hope you come out ahead in the long run. Dave J. Lehigh Valley, Pa

  144. I am not sure. Large daily or weekly swings in individual stock prices for no apparent reason does not seem rational. I have often suspected high volume traders like hedge funds or even advisory services have the ability to move a market on individual stocks. Combine that with computerized trading and you have the potential to get burned, at least for short term trading. Investing for the long term is much safer and less subject to the daily ups and downs. One of the concerns I am starting to have is that the Weiss followers are now big enough that they can move a market. If you trade the split second an announcement comes out you can do well. If you are delayed even a few minutes you can lose out and are often better off waiting for a couple days until the stock price settles down again. If an advisory service can move a stock, is that a self fulfilling prophecy or a good call?

  145. It is absolutely a fair place.
    The rich and super-rich are able to obtain more and first hand inside story. Plus their stacks of cash provide them with more cushion and leverage for maneuvering.

    1. Glad you think it’s a fair place, ask the investors that went in with Mr. Madoff if they were treated fairly, and I know that’s an isolated incident, for the most part I guess, I said guess, the market is fair, it’s just a matter of how the dice rolls when you get in and out of a stock, etc. Dave J. Lehigh Valley, PA

      1. Sorry Dave I didn’t reply immediately.
        There is no absolute fairness in this world now. My definition of fairness can only be understood as a ‘fair chance’ is available to the mass, example intelligence. No two person in this billions population are the same, but, we can barely say ‘approximately the same’.
        Why I agree the market is ‘absolutely’ fair? We have to consider a few issues here
        1. The market is based on free will. No one force you to participate.
        2. There are enough information and options for you to make decisions by yourself
        3. Madoff if one out of thousands advisers available. At the end he is in prison
        4. If a person are able to spend enough time, money and attention as did the rich and super-rich, I have no doubt this person will one day become a super-rich.
        5. This is a special market. You need to acquire, better say ‘given’, knowledge, wisdom, self-discipline and guts in order for you to appreciate the beauty that exits in it. One thing for sure and ‘absolutely sure’, whoever has these qualities, he will thrive in this field.
        I believe the market is fair. It is the person who is not fair to himself/herself. Basically asking too much of himself/herself and from the market.
        If you are interested I can elaborate on I mean knowledge, wisdom, self-discipline and guts.
        Good Luck

  146. From my perspective at age 90 I don’t think the stock market is any more unfair these days than it has been in the past. There have always been unsavory aspects in connection with insiders self interests. But, today it has gotten more complicated with Government Involvement with Banking
    practices eg. pressure upon them by the Justice Dept. & Fanny Mae to make (uncreditworthy loans) to minority home purchasers who have bad credit records. Also the promotion of investment vehicles such as “Derivatives” The investment community took us for a bumpy ride.

    My time frame is too short to make up for mistakes.

    1. Amen to your comments Mr. Maxwell, if your 20 time is on your side but at 90 hopefully you made a lot of good bets along the way and made a lot of money, God Bless. dave j. Lehigh Valley, PA

    1. Honesty is the best virtue. dave j. Lehigh Valley, Pa in response to Dee’s answer

  147. I believe that the stock market is not fair. The rich and super-rich have the advantage of their connections with the ‘Big Boys’ and often know in advance which way certain stocks and/or markets are going.
    Also since options are becoming so popular, the market makers have a great advantage when pricing options.
    Still, with due diligence there are opportunities for making money.

    1. In response to Sylvia, and David’s response to Sylvia, I’d say the stock market itself is a separate, real entity made up of the exchanges that provide investors with a place to conduct business (i.e. trades). If you use the term as an abstraction to mean the whole process of buying and selling, of good or bad research, of major or individual buyers/sellers, etc. then just about any answer you give on the fairness or unfairness is okay, but doesn’t really mean much – it all becomes very subjective based on anyone’s idea of the point of the question.

      Notwithstanding, I think both of you have clearly put forth your views on the second question of today. I’d really like to see your viewpoint(s) if you would answer the first question, with the idea of rating the “entity” we have in the U.S.
      to provide us an outlet for stock/bond/mutual fund/ETF/options/etc. transactions. Do you think our market is fairly run?

    2. I think Sylvia has it right, the big boys prevail in the investment world. Yet if your invest regularly and prudently and diversify your portfolio, you have a decent chance of making money in the markets, but again, nothing ventured nothing gained, no pain, sometimes no gain. I say be careful and invest in companies that have paid dividends for years and have a product everyone must have to live, like utilities, food manufacturers, and if you have a long term horizon like 20 to 30 years you’ll hopefully/possibly make a lot of money. dave j. Lehigh Valley, PA

  148. I don’t really think that the stock market is a fair place. Especially if you trade on fundamentals, common sense, and the news. Insiders and large players almost certainly have more information available to them than small investors. More and more I realize that the only way for me to make money is to trade price action/technical analysis only. Some information may help someone understand a little bit about why prices have already moved.

  149. The insiders have an advantage over the “litle guy”. For that reason, the market is a “crapshoot” for most people. But, sometimes you can win and sometimes you can lose. Because of the “sometimes you can win” nature of the market it is a really good place (better than the lottery or “scratch-off tickets”) to bet. If you are doing so with your life savings you are foolish–but there is not anyplace else to go to find the returns that you need to retire. If a young person in their 20’s today starts putting 5-7% of his/her money away in a nice, safe savings account. He/she will not have enough to retire on compounded interest in 35 years.


  150. Yes, I believe it is as fair as most other things. One must be very well informed to follow the markets changes. There should be a very small fee charged for each share when trading which would stop the tremendous trades that may give the instutions and big dealers a slight advantage.


  152. Talk about wealth transfer ? The markets are the best vehicle for that. A large part of my life savings have been stolen from me. Someone ended up with that money. Think about the power these FED freaks have over us. All they have to do is position themselves, then run their mouth with the applicable comments, and instant profits are theirs. They are the ones who should be picketed. They are the real scoundrels not the “rich” who actually earn their money producing a product or providing a service. The ignorant don’t know the difference. These FED creeps are the modern day money changers that Jesus drove out of the Temple. He did not like them and neither do I.

  153. The rich and super rich have an implied understanding with the political and legal systems. This is the source for much of their political contributions in addition to the fact that the vast majority of the political class are by any definition wealthy before they enter politics.
    The Federal Reserve as an institution that was designed, from it’s very beginning, to maintain the status quo in regards to monetary position and policy. It is therefore no accident that the wealthy are indemnified, by them, from loss relative to other classes in society. With this knowledge wealthy are free from much of the negative consequences of leverage and that combined with free capital, time, and conscious effort, therefore, end up increasing their relative wealth over time.
    Those who are time-poor and whose wages barely cover living costs, if they are thought of at all by the political class, they may be thought of as a secondary issue that must not be offended in mass but may be exploited on an individual basis. And, from the perspective of the monetary powers it is important only that the powers have access to the capital poor class as regular paying customers for the lenders products, which is the essence of capitalism itself; that being debt. This is how the counter-parties end up calling the tune
    In this regard, participation key. For if all of one’s time is inefficiently exchanged for money that is insufficient to maintain ones basic necessities, one can be though to be running on a tread a mill and participation in such a system as a kind of self immolation.
    From this perspective it could be concluded that; The game is rigged AND the system is rigged.

  154. Dr. Weiss, In my humble opinion, the market is manipulated often–either by the banks themselves and/or directed to do the Fed’s bidding. The advantages the “rich” (both individuals and corporations in the market) are quite a few, but I’ll list my top four: 1) Power to influence others to bring about the outcomes they desire; 2) Ability to trade using insider information with impunity– and even if they get there wrists slapped once in awhile, they still get to keep 90%-95% of what they steal; 3) Ability to borrow at cheap rates–the closer you are to the money, the less it costs to borrow it; and, 4) The massive funds (or derivatives) to influence the market (i.e., manipulate).

  155. Martin, No it is not a fair place even though a lot of information is onthe internet,but the rich and superrich have a n “IN” in many other ways( legal or semi-legal).

  156. It’s rigged. Get the best information you can, write down your plan so you can follow it when things get scary, pay your dollar and take your chance.

  157. When you hear of insider trading, electronic trading by dividing time in microseconds, inappropriate ratings on stocks and countries… appears to be impossible that it is a fair system…..

  158. generally, with your excellant subscriptive, research & knowledge
    more time freedom
    goal: 100k to 1m in 1 yr

  159. Fairness has nothing to do with it. The market is the place where the individual can set his own odds of winning (or gaining) against loosing by applying knowledge, information obtained from various contacts, experience, and hard work researching the published data. Yes, rich and influential people will always have an advantage, playing field is not equal for all. Insider trading, pump and sell tactics and other illegal schemes are being employed by some participants. However, I still consider US, Canadian, Australian, Japanese or European markets sufficiently supervised and safe places to use for investing and speculating activity.

  160. I think the market itself is reasonably fair. What is not is the flow of information/disinformation that the public consumes, as well as the unfair advantage some groups have such as the ability to lock in pricing for initial public offerings for instance. This includes such practices as pump and dump stocks perpetrated by some unscrupulous firms or individuals. Also the public has no way of knowing what are the best/real parameters by which to measure the over/undervaluation of the overall market, since all of the pundents seem to dig out whatever measure suits the theme they are pushing at the moment. The Fed/government is also not blameless for trying to influence the market to achieve some stated goal for the economy.

  161. To the extent that the rich have advantages we can tend to level the playing field through self education, enlisting aid, or both. That’s about it for the foreseeable future.

  162. I believe the stock market has some markets that are manipulated more than other markets. We have to show more caution on certain markets than other markets. Like silver.

  163. It is not the stock market that is killing my retirement but socialistic policy which has never been the source of USA greatness killing my ability to retire.
    When our government changes all the rules concerning savings and taxes, such that my hard earned retirement will provide Cell Phones, 52 in HD TVs and lots of food and beer money to those who prefer not to work, nothing can provide a way to plan for retirement. Quit working, have a beer and vote for Obama so your future is guaranteed.
    The USA is now the country proud of its Freedom From, no long proud of its Freedom To:

    As mentioned by many others, the stock market provides more for the rich and well connected than the normal working man.
    I do believe there are some portions of the market that can provide a predictable increase in asset value much bigger than CDs or Treasure Bonds.
    I believe Vanguard does well at managing it’s mutual funds to keep cost down and returns up, but you still need something like Morning Star Premium to pick the correct funds and understand when you are duplicating purchases of various companies.
    I also believe the companies who have increased dividends for 15 or more years, strictly from operational earnings, provide a low risk with sufficient reward to grow assets for retirement.

  164. The market is rigged. Sometimes, the man with the marked cards lets a sucker win. That keeps the game going, and the man with the marked cards doesn’t lose much. It’s best to stay away. (“Sell in May and go away”).

    On another subject, every one and his brother are recommending trades and ” investments” but I no one besides Weiss who considers the stability of the brokerage firms. It means nothing to have all winners in an account with a firm that goes belly up. Keep up the good work.

  165. No, the Stock Market is not a fair place. That said, we must deal with it, and it’s effects, as it is. For the longest time only a tiny percentage of Americans were directly involved in the stock mkt.
    Maybe you had exposure through a pension fund but typicaly knew nothing of any details. So it’s kind of new to the middle class, and there’s a learning curve (steep and potentially painfull).

    One big advantage enjoyed by many rich people is that they grew up amid money and so their upbringing included exposure to the world of ‘hi-finance’. This is a path not only to knowledge but to acquiring the confidence to use it prudently and to endure the inevitable losses more easily.

    A hundred years ago the stock market was fairly simple and a very exclusive club. But the world marches on and international trade, business and financing, and our individual lives all have become way more complex! Today in America nearly eveyone has access to the stock market.
    The catch is that the access comes with an ever changing contingent of corruption & peril in the world writ large. What I mean to say is that all sorts of unfairness pervades the world. Sussing out all of the market’s unfairness isn’t really doable. There’s too much and it’s too tangled up.

    It’s a very complicated and comlex time to be alive. For sure there is plenty of unfairness and inequity; but also, considerably more opportunities than ever before. With opportunity usually comes risk (fair or unfair).

    1. No it is not “fair”. Computer trading in the hands of the experts makes the small inverstor a cork floatring in the ocean.

  166. How could it be, when we have that private corporation, DDTC, ruling arbitrary part of NYSE.

  167. The market is not fair. Too many companies mislead through number manipulations or news releases. The wealthy have clubs and societies where they can share their valuable information prior to or immediately upon the start of a move, and we get left with trying to paddle like crazy trying to catch the wave. Ultimately we end up crashed on the rocks or thrown in the surf, unless we can find a service that is dependable, trustworthy, accurate and caring, we don’t stand a chance.

  168. I believe the little guy is challenged to make money in a stock market dominated by the big hedge funds and institutions who used computer generated programs to move in and out of the market at will. They sell on bad news and buy on good news. This is why the market moves in different directions on successive days. The little individual investor can still make money buying and selling stocks by doing a lot of research and establishing stops in order to maximize gains and minimize losses.

  169. I think the stock Market is more fair than most venues of exchange.
    The “rich” man has the advantage of losing more money if he enjoy’s the process.

  170. I think there is some unfainess in the market today that was not there when glass-stegiel and the up tick rule were in effect.

  171. The stock market is not a fair place for mere mortals like me. There’s far too many unknowns and far too many ways for finance directors to use accounting methods that cloud the real story. Best to use someone like Doug Davenport !!!
    The rich have an advantage when they are able to access pre IPO stocks.

  172. I believe that a small investor like myself has a very diffucult time making any money on the stock market. Unless we get lucky and find a good investment letter with someone who cares about us small investors. The very rich have always had access to insider information and therefore are able to get in away ahead of everyone else and catch the big initial surges on stocks and than get out with massive gains.
    As I said the little investor has to have help from several good investment letters in order to stand any chance of making any money as most people do not have the time to research stocks and select the right ones to make a profit.

  173. No, it’s all manipulated by market makers and institutional administrators. By the time I make my trade, it’s already too late. And no one can trust the financial statements because they too are manipulated and audited by auditors that are instructed by their companies to give good results. There is a total conflict of interest because the auditors are being paid by the company they are auditing. CEO have been stealing money and bankrupting their own companies and then resign with golden parachuts. Good example is Nortel Networks. Every CEO robbed the company blind.

  174. I believe the stock market does not operate in a fair and transparent manner.
    The rich are usually situated to access “insider” information whether or not that information raises to the legal definition level of “insider”. And, our Congress members, which are now mostly in the category of “rich” have carefully preserved the differential between their ability to trade in an insider information advantaged manner and our ability to abide by more restrictive rules when trading.

  175. The stock market is a perfectly competitive market. So it works well on the assumption that the information on stocks is available to everyone. The unfair part comes in because some players are better trained than others and can have easy access to the good and bad news on corporations and businesses before 99% of all the other players. They buy on the rumor and sell on the news. Most people play the stock market as if it were a giant casino and like most gamblers give little thought to risk until it is too late.

  176. Is it possible for a hedge fund managing large accounts and hiring the best talent in the industry to stay on top of things not to have an advantage?? Of course they do. Some of these hedge funds manage more money than several midcap companies combined. The quantities of securities they need are enough to move the market on buys or sells alone.

  177. Rich people can afford to pay for over priced advice and take advantage of deals the rest of us can not !

  178. The Stock Market is not totally fair, but very little in life is. The rich and the super rich have access to Congress, Corporate Executives, Investment Advisers, Tax Attorneys, etc. that the average investor does not. Do the rich and super rich have inside and advanced information? I think they do and I’m sure they use it to their advantage.

    1. I agree with the statements of Ralph. The only thing I am worried about is the ratio superrich/poor. We should limit the trend of making more-more money at a certain level. A very difficult strive after and depends on the characters of those rich-people.

  179. the rich super rich and the well connected have a big advantage over the average invester. Years ago you could search out a good stock via the P/E ratio,the amount of debt, prospects for the future,CEO`S that didn`t suck up half of the companys profits,etc. Now it is important for a company to be politically connected (like GE) a company can be doing very well this month and be on the EPA,or other government hit list next month. It kind of makes it difficult to invest with any certainty.

  180. I strongly suspect that they are given insider information often and are exposed to general information much sooner than the public is. With this information in hand, they can make the changes to their portfolios and wealth positions that will help them to accumulate more money. Many times, much more.

  181. Small players tend to rely upon “small” brokers and are definitely at a disadvantage. Trading is where traders make their $’s. Large/rich players tend to go with better experienced and connected firms/individuals.

  182. The rich have advantages, but the poor can try his/her luck in this goverment supported international gamble house. Governments profit from the house, and thus they guarantee fairness to some extent. What is not fair is forcing people to the house by power of monetary policy. This is cruel to the older people who saved all the years, suddenly discover they can not live on their saving and their life plan was a big mistake. Most of these small fish will be eaten alive by big fish in the house. I don’t know if we see a Day of Judgement for the policy people. yk

  183. If you are among the super rich available to you would be all the advantages you would need to not only be advised of market changes, present and future, but also have the advantage of high speed trading. The ability to get in and out fast escapes the common investor. A good reason for the small investor not to attempt to “beat the market”.

  184. Yes, compaired to other markets around the world. Lots of money will always have an edge. ETFs have changed the playing field somewhat.

  185. Is the stock market fair? Sure, we know the risks. That’s fair. Casinos are fair too. I personally do not believe the risks are much different for wealthier people. If they have an advantage, it’s that they have more resources to develop personalized investment plans using top talent. That’s what I like about Weiss Research. If we pool together thousands of small individual investors, you essentially have that wealthy investor who commands top talent and can develop sophisticated investment recommendations.

  186. We face far more dangerous competition than “the rich and super rich” in our trading: our U.S. Congress. Caught recently with their corrupt hands in the “insider trading” cookie jar, they were forced to pass the “STOCK Act,” a bill that required their posting trades and was designed to prevent our public servants from trading on inside information. Imagine how OUR trading would improve if WE could know in advance what measures, bills, etc., would move through Congress. But Harry Reid saved their golden goose. He modified this provision in the STOCK Act that gained unanimous Senate approval in 10 seconds and unanimous House approval in 14 seconds. Through Reid’s intervention, the STOCK Act will now “only somewhat apply” to the President, Vice President and lawmakers. And it does NOT in any way apply to their congressional aides and Executive and Judicial staffers. Reid claims this is to keep their personal financial information safe from cyber criminals. Hah! So they quickly found their way back into the insider information game… actually never had to leave it. We — the little guys — have to wait for Congress, then the NYSE seat-holders, then the large fund managers…then, when the bloom has faded, we get a turn. A Vegas slot machine gives us a better shot at profit than does the U.S. stock market…

  187. I have been told by brokers that they are certain, yet can not prove, the manipulation of certain markets. Given the state of the morals of our country, not to mention other countries, I believe all markets and stocks are subject to being ‘influenced’ unduly.
    Larry Edelson has stated that the silver market is subject to manipulation.
    We have proof of congressional abuse. They took only a few seconds to change the rules for themselves and their staff last week, a true bipartisan effort! While other legislation that affects the general public takes months and sometimes even then cannot pass.
    We see the breakdown of our governments’ ability to legislate at the same time we see Obama posting one executive order after another that essentially robs the citizens of our rights.
    I have no faith in our government to follow the Constitution, so why should we be able to fully trust any major institution?
    Cravat Emptor!

  188. Life is almost unfair by definition. Who is going to enforce fairness in life, and to enforce fairness in the stock markets? The super rich did not get to be super rich by being super fair to others. The super rich usually have more “legal” inside information that the common folks just don’t have. For example, when the banks started to crash at the start of the 2008 Great Recession, some super rich business people knew which banks will be bailed out by the government and the Federal Reserve, while which will not, so that a super rich could made investments to pick up cheap shares in banks which were going to be bailed out, and avoid banks that were going to let to fold up. While the super rich people have great advantages of having access to more “legal” inside information, and having the wealth power to get manipulative propaganda published, the super rich also are exposed to great disadvantages of getting super greedy with super fat heads. For example, the super rich people at a super sized bank got super greedy with derivatives trading with their super sized fat heads thinking they knew what they were doing got taken by a European trader that took these super rich American bankers for a ride. Getting the super ability to get more “legal” inside information can be offset by getting super greedy and super fat heads. Unfortunately, when the super rich and powerful get super greedy and super fat heads, and the super rich and the super powerful screw up the country, the rest of the common people have to suffer for their screw ups, and to have to pay for the bail out of these super screw ups by the super rich, and the super powerful, while the super rich laugh all the way to the Swiss and Cayman banks.

  189. For long term investing, I would say yes.
    The rich and super-rich have persons dedicated to handling their accounts on a 24/7 basis whereas I cannot nor want to devote all my time to stock tracking.

  190. The banks are grossly rigged by the Fed. Otherwise, the insiders are exploiting and corrupting the markets with derivatives and other exotic maneuvers.

  191. I believe the rich and famous have contacts that the ordinary individual does not have, and so limits their success in trying to accumulate trades that are very successful. The financial newsletters that promise good returns are usually so expensive, that it’s hard to have money for other things in life. I was shocked at how much I have put on one of my credit cards for this purpose. I didn’t realize how scared and out of control my thinking was, to do that. Now to get out of them, there is often a 10% fee for closing the account – so the ordinary investor pays all the way around making the advisers more rich. ???

  192. Not a level playing field . The small investor can only rely on media, newsletters which are always biased and expensive, and a little common sense to help with investment decisions. As much as you say you are for the little guy, all your emailed correspondence is just about selling me something. Understandable but disappointing.

  193. Is the market fair? Yes, in the sense that anyone can purchase any stock at anytime based on their own research / liking. Advantages to rich / super-rich? Plenty. High roller CEOs and USG officials have plenty of insider trading knowledge that is put to use everyday. The “good old boy” network is alive and well. I suspect there is much more insider trading going on then any of us will ever know. Just not getting caught. These people know well in advance of upcoming projects, discoveries, mergers – events the average guy finds out about after-the-fact.

  194. The stock market is like an intellectual casino. The more information you have the better your odds, but unlike a casino with it’s mechanical and probability influences, you’re betting on the whims, emotions and desires of other players plus the economic policies and regulatory influences of government. Is the stock market fair? Is casino betting fair? Yes, as long as you know the game you’re playing, your are aware of your odds of winning or losing and “the game” is not rigged by the “house.”

  195. No.

    The rich and influential along with politicians have always had the inside track to how the systems work and how it can be manipulated. Insider trading continues to be how the rich and politicians can quadruple their money in a very short period of time. How is it possible to regulate the system and if they could there is no penalty. White collar crime is very beneficial.

  196. In one sense it is fair, because no outcome is guaranteed to anyone in the market. It’s equally as risky for anyone that legally participates. On the otherhand, is anything really fair in life?

  197. The market is somewhat unfair because the rich have more access to insiders as
    do Wall street traders

  198. It never has been completly fair, meaning that every person had exactly the same opportunity. I think it has been less fair the past five to six years because of goverment meddling.
    Yes, others do have better and faster information than the individual investor. Also the various way of inside trading is pretty bad.

  199. It is all rigged. Congress is owned. The small investor is just taken for a ride. I opt out whenever possible. It will all be going into the toilet very soon. I invest in tangible assets – the kind you can stand over with a gun.

  200. The Rich and SuperRich all have connections to the people in the government who hold positions of power . Many elected to government have been bankrolled by the Rich and SuperRich. It takes a lot of money to run a campaign to get elected. For instance, if you run a law firm and got a contract from the Feds to do all their legal work. It would be worth not just Millions, but Billions.
    The laws that Congress passes that affect the Market could be known way in advance by the Rich and they could really take advantage of it. Wall Street bankrolls the Political Campaign of Both Parties. Ðoes not matter who wins, The Rich and the SuperRich run the Government and have all the laws passed to favour themselves.

  201. No, the market is not fair. Certain insiders get privledged information they can act on. Fed policy is artificially supporting market prices at current levels exceeding stock fundamentals. High frequency trading is impossible to compete with. That said, it’s better than most countries and it is what it is. One advantage we do have is that we can put on a position and exit a position much faster than the big guys and financial institutions,

  202. knowledge is the key if I had known then what I do now I would be far better off if my information was accurate & true. Yes the market is rigged and yes the reasont works is that people listen to the wrong advice.Why else would people be selling precious metals when at the same the dollar is being printed out of existance.The one thing besides cheap dollars there is no shortage of is stupidity.

  203. Of course the market place is not fair. Banksters have ruined the World’s economy, lied and defrauded millions of investors, bankrupted entire Nations. The rich and super rich have some advantages over everyone else. To name a few: high speed trading, Insider Trading, Use of Insider information (it’s legal for Congress, Senators,Wall Street & Corporate insiders) One thing that I have noticed is that brokers distribute IPOs to their largest clients. As far as using Large Brokerages to gain Advantage, FORGET it. Several years ago, Merrill Lynch, Morgan Stanley & Smith Barney wiped out my 401K & thirty years of savings. I fired them and with the help of Martin Weiss, I rebuilt my portfolio, one equity at a time. I believe, hands on participation is the key. I trust Larry & love his advice. Patience rules. Wait for a sell-off bottom and sell the farm to buy only the gems of the market at bargain prices. Use tight stops. It works for me!

  204. The rich have insider info and all kinds of special contacts, so they get in at the right time and then get out, leaving the unprofitable investments for the rest of us.

  205. My late mother used to say “You cannot fight the City Hall”. Same goes for the Fed -when they throw bushels of fresh printed money into the market, how can you fight them?

  206. The wealthy have the ability to manipulate the market by creating trends by buying and selling a multipule number of times a day to make it look like others are causing the price to go up and down. If they want to sell a stock at a higher price, they just bid higher for a few times and when it goes up to where they want to sell, the dump all they have and then then buying is just the opposite.

  207. Investing in the market is a little like going to Las Vegas, for us little guys. I have been taking a number of investment letters for the last 40 years. Most of them have one thing in common, there is a big wipe out in about 6 months. For me I never invest more than about 25% of my money. Back in the early seventies or late 60s, I can’t be sure, I bought Homestake gold at $18 a share. It went to$100 and split 2 for 1. It then went to something like $80 and I was sure that I was an investment genius. You see I did this all on borrowed money. Well I managed to lose most of it when gold crashed.

  208. It’s not the rich , it is the politicians Dem & Rep. and crooked wall street people that make it not fair, so they offer their services to the rich and get lots of $ through donations and pay backs, you can’t beat them and if you don’t have a lot of $ you can’t join them, most of the time the little guy is out of luck.

  209. Let’s be realistic! If there is pertinent news, which would move the stock, By the time I get it as an ordinary individual, as opposed to those who have someone watching the market and their holdings Basically 24 hours a day and can trade instantaneously . I am at considerable disadvantage.
    I would reference “Unconventional Success.” By David Svenson, or flash crash(nearly instantaneous computer model movements), and basically day-to-day events.
    This is all without even mentioning the illegal goings ons and judging from the ones that we have seen, it must be a true den of iniquity.

  210. I beleive the fed and bernaki have distorted the stock market so much with low interest rates and QE infinity that fundamentals no longer are represented in stock prices . Its a trap for every one looking for yield in a low yield environment with real inflation nearly 10% a year.

  211. I agree with Cal that the stock market is being manipulated by the Fed. Yes, the rich, for many reasons have an unfair advantage but that doesn’t mean the Average Joe should abandon the stock market.

  212. No doubt the individual investor is at a disadvantage amongst the giants who can manipulate the markets, however, there are so few alternative investment options that one has no choice but to become as well informed as possible taking advice only from those you choose carefully from the thousands of hucksters who make their millions from the fees of the unwary.

  213. My dealings with the stock market have been satisfactory. With brokers, I ask for no advice – – read, and make my own decisions. Have no opinions about the rich – – have no dealings with them and as long as they stay within the law, I have no complaint. Paul Brandt

  214. it is fair only if you have the time to research well which most common working class people dont. or they done have the knowledge on how and where to do it. this is why the rich have an advantage because they have the funds to pay for it instead of having to do it themselves. alsosmall losses dont hurt them as much. so many emails, videos and websites promise all kinds of great things but then at the end ALWAYS ask for money before you get any info. some i have tried get you in touch with more videos etc that cost more money and so on and so on without ever getting down to basics of what to buy or sell. such a gimick.

  215. The stock market is as fair as any free market can be. One has the freedom to invest but not the obligation to invest. Just like a casino you can choose to bet with the antisipation of winning or not bet with the gaurentee of not losing. The little guy has a better chance in the market than a casino if he can learn the basic rules of controlling emotion and study & understand the technicals and fundamentals of the market.
    I do believe the rich have an advantage to make more in the market as well as to lose more simply in the size and kinds of positions they take. I believe most but not all wealthy investors started out as small investors and through patients and knowledge became rich over time. You will always those that try to scam the system but it will catch up to them in the end.

  216. No, I do not think the stock market even can be a particularly fair place. I believe the ones who make the rules over the years are bound, at least on average, to look after their own interests and the interests of others they know and associate with to the disadvantage of the general publics interests. Therefore, their advantage is they are making the rules with input from paid lobbyists, friends, close associates, etc. This seems to me to be pretty much human nature and we have to do the best we can with the unfairness as a given.

  217. Everyone sees only from his/her perspective and isn’t privy to what advantages others have. However, insider info. (which is illegal but who knows how prevalent), and high-speed trading are the domains of certain wealthy firms/individuals, and the profits are internally sticky.
    Is there another fairness issue inside the market? I dunno.

  218. I believe that the advantaged few receive advance information that they profit from.

  219. Nothing is completely fair. The rich and super rich have money and they can afford to keep some available to taks advantage of circumstances.

  220. The stock market is a fair place as long as financial disclosure and transparency rule the day. The super rich, high government officials and insiders do have an advantage. The world is a scary place that is sometimes anything but civilized. If the general public always knew the whole truth, they might panic or freak out over certain situations or events. Thus information is controlled to maintain civil order. But when there are two realities, the public one and and the real one, such a gap leads to an advantage for the people who know the real reality. This advantage can be political, economic or other. People also gain an advantage when their area of investment interest crosses paths with their career or other area in which a person has done some intense study.It is when things become totally opaque to the public investor that it then becomes no longer fair. Then, it is not just stock but rather all or most classes of investment that become a problem. You are then living in a banana republic and it might be time to shop for a new country to live in.

  221. The markets are rigged. The average investor has no business in the stock market. When times are good it is great for everyone who is in the market, but now it has become obvious the thieves are stealing your money. The big banks, who are Wall Street are broken, the government regulators turn their backs on daily, weekly and monthly corruption. Investing in wall streets fixed game is going to leave the masses broke and very unhappy. Good luck to those of you who stick with this fools game.

  222. The stock mkt itself is a fair place.
    But the rich is getting richer. All is about MONEY, just follow the money.

  223. The Rich have an advantage if they can find good people to guide them because they have the money to invest in getting good advise. But I think the great thing about the markets is that all of us can become wealthy if we learn to invest wisely and let our money grow over time. Even the small investor can see his wealth grow from 10K or 25K to 100K and then to a million or more over time.
    So even the poor could start small and live the American dream if they would learn how to invest wisely and study the markets and avoid the big crashes or use them to increase their investments through today’s inverse ETF’s which is the great for the little investors to make more than ever before when those inverse funds were not available. Thanks for keeping us learning and understanding more about the markets.

  224. Fair place? I guess that all is fair in love and war. The rich and famous are battling it out every day in the stock market. Look at Henry Arnold’s comment. He had a two million account and could not get a seat at the table withUBS. Did Rogers and Soros have so much weight with their Quantum fund that they could influence the direction of the pound? I can not compete with the Quant and Hedge fund nano-second traders. Wasn’t there a group that required a 20 million entrance fee to get in their fund and they lost their shirts big time? Diane Bohl’s comment has it right. We sit hunckered down in our fox holes watching the fire-fight, and at the end of the day we try to pick-up the pieces and put ole humpty-dumpty back together again. That is a tough row to hoe. I must be crazy for trying! Hopefully, David Davenport will help.

  225. I think the stock market is being manipulated by the Fed—especially right now—adding the fake money every month. When they quit–look out.
    Fair? NO! Think of all the government people that have advanced knowledge of regulations, grants for special projects etc.—and–like they say– “It’s not what you know, but who you know” Wealth creates lots of friends; good and bad.

  226. The market is as fair as anything else. There are no guarantees in life but death and taxes.
    Uber-wealthy have more assets and probably some access to inside information. It doesn’t always help them though and they are still human and subject to the randomness of life.

  227. I do not see how the rich having money and connection has any influence on how you or I should trade. The market is so big that you are responsible for your own mistakes and can not blame some one else (unless you use their opinions and even then think about assuming the blame for following their opinions. )

  228. Not fair when we know that the big boys move the markets but it is the best source available to earn more money (interest, dividends, income) but just a whole lot more risky. It helps to be informed by the knowledgeable.

  229. Insider Information: Here’s last week’s news.

    House Majority Leader Eric Cantor of Va., speaks during a news conference on Capitol Hill in Washington, Tuesday, Jan. 31, 2012, to discuss the Stop Trading on Congressional Knowledge Act, or STOCK Act. (AP Photo/Jacquelyn Martin)
    In a sweeping unanimous vote, members of Congress voted to overturn parts of the Stop Trading on Congressional Knowledge (STOCK) Act that previously banned 28,000 federal employees, including members of Congress, from engaging in insider trading, requiring them to make financial disclosures publicly online. The bill passed into law April 2012 after lengthy debate, but took less than one minute to repeal in both the Senate and the House last week — President Barack Obama has since signed the newly-repealed bill into law.
    The Stop Trading on Congressional Knowledge (STOCK) Act, was a law passed last year designed to prevent insider trading among lawmakers and government officials by requiring them to post disclosures of financial transactions online.
    According to official records, no Republican or Democrat objected in the unanimous repeal, consuming just 10 seconds worth of time in the Senate and 14 seconds in the House, according to official records. House Majority Leader Eric Cantor (R-Va.) was one of the leading proponents of the repeal basing his decision on the a recommendation made by the National Academy of Public Administration. “This was their recommendation and the House and Senate agreed it was the best course of action,” he said.
    Government officials will still have to file disclosures of securities trades more than $1,000 within 45 days, but they no longer have to file them in a searchable database that is readily available to the public. Despite robust support for STOCK last year, President Obama signed the repeal into law Tuesday.
    Lawmakers contend that the repeal is a necessary security measure. The National Academy of Public Administration, a nonprofit group, published a report last month declaring that posting financial transactions histories online would create an “unwarranted risk to national security and law enforcement, as well as threaten agency missions, individual safety and privacy.” The group has recommended that the online posting requirements should be suspended indefinitely.
    The original STOCK legislation followed a “60 Minutes” television report highlighting how some members of Congress are making money on stock trades illegally by having insider knowledge of upcoming decisions by major corporations and financial institutions before they are announced to the public.
    Lawmakers have been involved in shady dealings that some believe is evidence of insider trading. In a notable example, Senator Dick Durbin (D-Ill.) sold more than $115,000 worth of stocks and mutual fund shares in September 2008 as U.S. stock markets plummeted during the worst financial downturn since the Great Depression. He used much of the money to invest in Warren Buffett’s Berkshire Hathaway Inc.
    Durbin’s 2008 financial disclosure statement shows that he sold mutual fund shares worth $42,696 on Sept. 19, the day after then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke urged congressional leaders in a closed meeting to craft a bank bailout to help financially troubled banks.
    The Sunlight Foundation, a government accountability watchdog group, reported that despite its rapid passage, there were delays in making the details of the STOCK repeal available to the public. “The bill was not available to the public on the Library of Congress website,” Sunlight reports.
    Spokespeople for Sunlight believe that the repeal could open the door for illegal trades. “[The repeal] sets an extraordinarily dangerous precedent suggesting that any risks stem not from information being public but from public information being online,” said Lisa Rosenberg of the Sunlight Foundation.
    Be Sociable, Share!

    1. people spend much time and effort gaining advantage. this effort over time has resulted in a bias towards the most successful efforts.

  230. No, the market is not fair.
    Insiders have knowledge advantage and the wealthy can afford to buy expensive counsel. These items are basic to our financial system which is biased toward power and wealth.

  231. I also have a suggestion, yes I know the info would be delayed but on these conference calls and special webinars make them available later ( like in the evening) so that those that work can hear or see them when we get off.

  232. I think the advantage is the speed with which the rich and insiders get info and their access to information although this is not always the case. Even within your organization if I can afford one of your premium services information is dispersed faster. Another factor is even with “Flash Alerts” if I work for a living I may not get the info for 2 to 6 hours after the alert was sent.

  233. No and they have more investment capital and insider information therefore less risk.

  234. probably in the eye of the beholder. Are pharmacy companies fair; how about gas companies, hospital billings,credit card companies?

  235. Who said the market was a fair place? The law of demand and supply apply to some degree. Obviously those with more access to more research may have some advantage, but on the other hand we have Weiss!!

    1. insider knowledge

      knowing Is everything ALSO IT HELPS TO HAVE L’ARGENT.

      Frankly, so many are calling for the complete collapse of the Dow down to 5,000. so what do you do when you have positions??
      let is fall and watch your savings wash away? you bet

      we are children of the Big one in 1930 and we saw and know suffering. And now are we on that threshold again? sad to see

  236. I believe the stock market is rigged for the people in the know.
    It’s a crap shoot for the little guy and most info the little guy gets
    is normally old or out of date info.

  237. No, like so much else in America money talks. The Rich need the poor as suckers so that there is something to win.
    Since there is a widespread belief in “something for nothing” in the USA, there will never be a shortage of suckers.

  238. the question has no answer. when the dollar becomes worthless, so does the stock market and bonds and all other paper denominated in $. it makes no difference whether you are rich or poor,
    if your assets are dollar denominated, you will be broke.

    you need to diversify out of Dollars and into things the gov’t cannot control or print.

  239. The bigies can move the market and kill us small guys and we don’t even know who is doing it! Talk about transparency!?! Plus they have access to government,people in high places in the private world (power) and supercomputers, which should be illegal. Dean Rockey

  240. I believe the central issue of fariness does not center around the “rich” versus the “average investor” but rather centers around gov’t involvement in manipulating the market.

  241. For centuries most of the poor will stay poor and most of the rich will become richer.Maybe the rich guys are more clever and smart maybe they know the loopholes better.I am not rich but might be more happy and more healthy than some of them.I am definitely not jealous of them

  242. Mr. Weiss:
    That’s simple, they, the rich and super rich can afford the loss. They are playing in many different fields, right?

    I am willing to play along with what you and Mr. Douglas suggest, that made you super rich, as long as it will do the same for me. Fair enough?

    How are our stocks doing, what % of gain or loss have we sustained?


    1. I second the opinion that Mr. Douglas has the correct approach,
      that is take what the market gives you regardless who manipulates
      the market. Brief, interpet the market action .


  243. No question that money is power. No, the stock market is not “fair” and it clearly offers insiders and the rich an advantage. But that is not to say that us little guys can’t scarf up some crumbs once in awhile as well. I’m still trying anyway.

    1. It appears that the very rich do have an advantage in having access to stocks not available to the general public. The advantage is being educated in finance with good resource for information. Sometimes the resources have to be weeded out as to good and poor.
      The fact that the stock market is available to those who have enough money to chance losing some of it, makes it fair game for those who want to try to beat the odds. It becomes less of a gamble through education and resource.

  244. The small investor does not have a chance. Buy and hold is not a real viable option today. If you can actively trade as a small person and make some informed decsions – you can survive, buy how many people can do that?

  245. As I already communicated I believe that giving a fair answer depends upon the various texts and analysis one reads.As mentioned so much has appeared concerning the debts incurred by the U.S.
    and its various state owned corporations(Fannie Mae etc)that one can only remain doubtful about the future of the $ and of the S&P.I would prefer to invest in the non American markets .Regards JAC

  246. I believe that the market is ultimately very fair, but not based upon the relative wealth of the buyer/seller. Information access, having a goal and a plan to get there and tolerance for ambiguity are required for success in the market. These traits have some correlation to accumulated wealth but are not necessarily there due to said wealth. Information is available but success is not guaranteed even with timely and pertinent decision and reasoning.

  247. No, it is not fair! The largest players enjoy natural advantages of being “movers”, insider knowledge and loopholes to reduce taxes and expenses.

  248. when you have enough money you can acess toinsiders and best invstment advice available to them.


    1. I would agree that investing in “high moat” sectors/stocks should
      work out ov er the longer term/.

  250. With the advent of computerized trading, there are far more situations where a given stock or even a given (popular)m commodity can be purchased in volume and then after few second sold at a small profit, but a very nice profit for a few seconds of effort. A year ago, I spent some rear time trying to identify a group utilizing these tactics and sent a few bucks to them and followed their request to deposit funds that would be used by a ‘legitimate broker’ that would commit my trade requests based on advice from the ‘Computer Experts’ that would determine the best way to increase my profits. Making a long story short, after a few weeks when nothing of interest was forwarded ( at least any that actually trended up). I began to have trouble communication with them. Finally contacting the Broker who was found to be an innocent victim, along several hundred folks that had also divided-up to take part in the scheme. Being advised to contact the CFTC, I was given information that the Computer Folks had been investigated were being indited for fraud, and I gave the CFTC my personal involvement in time and dollars, and a phone number of one of their attorneys whom I could contact to inquire about what was happening to the case. That was over a year ago and there has been no indication from either the Attorney that I contacted or the CFTC Web Site. I’m still trying to decide whether the lesson to be learned is “If it seems to good to be true, it probably is not true” or When the government is involved, especially Government Attorneys, It is just like breeding elephants, it takes a long time for fruition, it happens at a very high level, and there is always a large amount of squealing and howling involved. But then, I’m old and there a big pockets involved and they usually outlive us.
    Especially if it make them (The Minions The Court) the most money. PLEASE ANSWER AND SUBMIT, and thank YOU.

  251. Yes, there is manipulation. Yes, those with insider info. & computers with sophisticated algorithms have an advantage. & yes it’s all a game controlled by mega-rich whose motives & moves can be deceptive. However, it’s fair first of all because you don’t have to play if you don’t want to…No matter what your level, if somebody is making money, you can be a part of it..There are rules & an SEC, that at some level, at least attempts to make it fair. I sort of see it all as a big poker game… The more you understand the game & it’s players the better you can do… If you hold more chips you have a clear advantage…But, you can’t win if you don’t play…

  252. I’m a guy who saved and invested wisely (with some luck). To date, I’m not rich, but have more than many. The only consulting I’ve received “until now” has been all bad. As a conservative investor I’ve made it my #1 priority to not lose money — with the exception of those instances where I received outside ‘bad’ help. Consequently I haven’t spent a lot of time making up lost ground.

    I assume that the “big guys” who have a LOT of money can afford the best consultants and have (percentage-wise) more money to invest in riskier investments. Therefore making informed risky investments, they make more. But more importantly, they are often “connected” — i.e., congress. I assume insider trading goes on moment to moment. Us little guys just follow the dishonest who manipulate the market(s).

  253. If the government would quit printing and pouring our money into the stock market. we would get the real picture.

  254. The markets are not “fair” in the purest sense. However, It appears to me that if you play the game long enough and prudently investigate every aspect of your intended “gamble”, one can do respectably well even in light of inequities with the super rich investors. I believe many small investors have trouble within the markets because they don’t fully understand their intended trades making them vulnerable to the impulses of human nature which many times allows them to lose money.

  255. How can the stock market be fair when it’s a reflection of human nature?
    The market cannot be fair because:
    if only a minute minority are motivated by fairness in their market decisions,
    and the market is dominated by the majority,
    then, by it’s very nature, it cannot be fair!
    Is this then a good argument for being a contrarian?

  256. It is not the rich but the super rich that belong to the “New World Order” cospirators who via their Fedral Reserve Bank (one that is neither federal nor has reserves), their control of “too big to fail” finacial enterprises (including Wall Street) and their control of the major news media outlets are controlling the information or miss-information that drives all of us outsiders into confusion and investing erroneously. The name of their game is to put us all on our economic knees so that then they can more easily impose on us all, their planned Socialist New World Order and that is why they have deviously driven the present value of precious metals down while Bernake and gang continue to print worthless paper dollars who are forcibly devaluing the dollars that we have all earned honestly. If we are to succeed we must first come to grips with these truths and then pull togther.

  257. No the market is not fair. The rich have an insider advantage and contacts the average investor does not have. They also have the advantage of specialized brokers and insider information that abounds in the circles they keep.

  258. I believe it is fair if you wish it to be, and unfair if you wish it to be. If one answers either question with a negative slant, then one has no business in this market place. Time will ultimately prove it so and will ultimately render what one believes. Whether one believes some have more advantage or less advantage than others, play the game accordingly. Young “to be King” David played the game according to his strengths, I would suggest doing the same.

    1. It is fair if you take advantage of available experts and STUDY so some of it can be understood and applied

  259. The uber rich have, and always have had, a leg up on information to take advantage of in the markets. Information is money. Now we have the growing, powerful, ruling class which can lever its inside information to financial gain. This, too, has always been the case, but never has the government been so dominant and unchecked.

  260. The big boys spend a lot of time and money on unleveling the playing field. Computer trading in microseconds for instance.

  261. I am not sure how to answer all of these points. I have only started to learn about the stock market 6
    months ago. Like any other business I started to learn, each step forward opens the path to more
    options for money to gain or lose. Only with the passage of time & effort, Do I feel more
    comfortable and start to become profitable. Time & Education are required to travel down
    the path to success!!!!!!

  262. It never has been fair and certainly isn’t now. One good example is program trading. Big shareholders can add or dump stock anytime and greatly impact the market. Also, I believe that there is and always has been considerable insider trading going on. Company executives just have access to more information than the rest of us. The stock market is nothing more or less than a sophisticated gambling opportunity. The heck of it is that there is no where else that we can get a decent return on our investments.

  263. The rich and super rich have access to the best financial advisers and estate planners that money can buy which gives them a huge advantage.

  264. I think the small investor is at a disadvantage because the information he gets is too little too late to play with the pros. I believe his only chance is to be a long term trend follower and dividend investor.

  265. OF course the stock market is not a fair place!!!
    Rich and super rich——Probably who they know more so than what
    they know!!!

  266. They have more money than I have and can afford to lose more than I can.
    Perhaps they move in circles which are more available to privy information.

  267. The only fair market place for money now is quality dividend stock which has to be bought at the right time for a fair price. Otherwise the market is controlled by big money leaving the average person little chance to gain off the markets.

  268. Money has its advantages over most small investors who only have limited funds to invest. So the well to-do can afford more risk and generally come out much better through fund advisors and other market perks.

  269. NO – insider trading is dominant. Best to have a smart broker investing your money in emerging markets.

  270. No – the “stock market” is very unfair for the “average” investor. The rich and super rich have many advantages over everyone else. To name a few: high speed trading, inside information (it’s legal for Congress – and I’m sure that Wall Street gets away with it), the money and power to manipulate markets, etc. How can anyone else compete with all of this?

  271. The significant advantage comes from having timely access to information, and tools for quick reaction. Small traders like us, may see a significant move on a stock price and we cannot find out why, so we cannot react and take advantage of it. People that have “immediate” information on “why” it is changing and the tools to trade quickly can make larger profit.
    We play the game based on the rules that are in place right now; there are plenty of opportunities for everyone, especially if we play short term trades. What we need is reliable and fast information on where those opportunities are. If Weiss can have a “market research group capable of identifying stocks with potential for large changes in the short time”, we all will be very successful, despite of what others are doing.

  272. NO!!! Good information and access to people who can invest your money and acctually make money is not uniformily distributed. Example: The S&P500 outpreforms 75% of all mutual funds. Look at your publications track record and comment.

  273. One little thing that I have noticed is that brokers distribute IPOs to their largest clients. I never received an allotment even thought I had a two-million account with UBS for 28 years.

  274. It is as fair as it can be with the presents laws and SEC regulations.
    The rich can pay for personal profesional managers to manage their portfolio.

  275. Sure it’s fair. You must learn to participate andprotect your back side. I ‘ve seen and heard of folk loosing gobs and making gobs. ships sail east and west on the same wind. It’s not the gale but the set of the sail determines which way she goes. Ilove it

  276. Rich people pay more to have access to better trading tips.
    Congressmen and other governmetn chronies and the super rich count on insider knowledge that they get by associating with the market movers and finding out BEFORE the moves happen, often due to their participation.
    Us poor schlups at the bottom of the pyramid are stuck paying the tab, just like we do for taxes.
    And of course the 47 percenters don’t play, but we pay for them too.

  277. Insiders have an advantage in their own company, and so do congressmen who know which bills are likely to pass and when. Info like Larry Edelsons is better than most rich people have.

  278. Yes the market is what it is. The Rich have more advantage to tools and knowledge available. If they work in the market full time, they can have more advantages to buy and sell as things change. We working stiffs are mostly ignorant of the daily/ hourly changes that turn the market on a dime and by the time we know the market has already gone down and decimated our investments. Even if we put stops in, we will still lose some money and then many times that is unnecessary losses that we may not want to take, because then the market can turn back up and climb higher. You never seem to know what the market is going to do. It is a crapshoot.

  279. Is the Stock Market fair? Not for we “little people.” The uber-rich can afford much better market analysis than we can and have significantly more clout.

  280. Why should anyone be surprised that stockmarkets are mainly run for the benefit of insiders who generally end up being perceived as rich. Employees Brokers Hedge fund Managers et al.But especially the ultra rich who have funds to play with.
    I wonder how many of the various institutions set up to control ‘wrong doing ‘ are up to the job?Is there a worldwide Audit office .Reviewing Countries and Corporations financial systems of regulation.,charged with endevouring to ensure monetary systems do not collapse and avoiding the petro dollar type fiasco. If there is ?who is auditing the auditors? Failure in this area is a major cause of wars and human misery.

  281. The small investor cannot afford and get the training and advice they need to be able to take advantage of many of the schemes and options that are available. Whenever those things are presented the small investor usually finds that the cost to “join” and gain the information is too much because the presenters think their information is so valuable that anyone getting and using their information should be capable and willing to pay a lot for it. That is very restrictive for the poor little person that just wants a chance to get ahead as well. Couple this with comments above about how government and others have stacked the deck and the small investor does not have much of a chance.

  282. We have two categories of people, the takers and the makers. The takers are at both ends of the scale. Keep working, the takers need your money!

  283. The small investor is at a disadvantage, because of their inability to influence the market. Large investors have the ability to drive the price of a stock to their benefit. Also, large investors operate in unison impacting the market and stock prices. Now, that doesn’t mean that the small, individual investor can’t jump on their band wagon. No one said that investing would be easy or fair. Time is always a great equalizer!

  284. The rich and super rich have inside info and market-moving info before everyone else, even if it’s only 20 minutes newer info. They can afford to pay for such services. Also, the super rich are able to get the government and other market movers to assist in their investments. Soros is able to use the media to announce that he has bought gold so that small investors jump in to buy gold only to discover that Soros started selling on the news that he released. Is the market fair? Certainly not. Brokerage fees are too high. Information too old. Too many conflicting opinions.

  285. No. The market is not fair..In fact assymmetry of information (plus different expectations) is the major reason explaining who sells and who buys. In addition to that, the super rich and those closer to the source usually have (earlier) access to key information. However, if you follow the market closely and study everyday , you may have (some) succcess in the long run

  286. In our present environment- – – -is life fair?? The successful investor will use the resources at his disposal and stray from the hype generated by the super promoters. The dividend received will be vast knowledge used to outsmart the promoters…once again!

  287. The market is fair; it rewards those who have knowledge and insight where the money is flowing and, especially, why. The rich and super rich do have an advantage because they hang with those who understand the markets better than we working stiffs. That’s nobody’s fault – it’s just the way it is. I know how to do my job better than the super rich would; they probably do theirs better than I would.

  288. The market, in my opinion, appears to be in a topping phase which would indicate that it is over-priced!

    The Rich & Super-Rich can take full advantage of the capital gains laws and are not subjected to wage tax law!

  289. Of course the market place is not fair. It was established by those with money so that they could ra ise more capital for their various enterprises. The average person has little knowledge on how to invest wisely and lets other “experts” invest for them. i.e. mutual funds, IRA, 401 K, life insurance annuities. Government policies has destroyed savings so that it is very difficult for the average investor to accumulate a large enough pile of capital to begin to invest in the market.

  290. When one monitors the Market day every hour it becomes abundantly clear that the Market is
    not driven by the normal forces of economics. The market is subsidized and manipulated by
    non-market forces making it very difficult to profit. Not at all the same patterns as 2011 or
    even 2012, therefore the normal rules no longer apply. Hence the quick “in & out” trades,
    driven by global rapid changes in currencies and commodities. Holding long term investments
    is a thing of the past and not smart Martin, why not divulge and explain this new norm and the impact of the FED…?

  291. The market is not fair never has been but it is better than it was 50-100 years ago,thank God for a free press where we learn about the scoundrels often. Us lesser capitalized investors can “ride the trend” picking up the crumbs that fall off the table, I am hoping (and betting ) that technicians such as, your selves can help us identify these trends.

    1. The whole thing is just one big ponzy scheme where the traders, the banksters and the fortunate protected few in the know run markets up and down on every fanciful whim and made up rumor to make money. Witness the obscene hipocracy of the IMF Group this past week end talking about ending poverty by 2030 to get more than 1.5 billion people to earn more than $1.25 per day. That does not buy any of them 1 cup of coffee. It is nice to have the millions of dollars, or to make huge profits in the markets, but what we do with it towards helping the world to be a better and a fairer place is far more important. I will come aboard when it is my time. If I miss this next boat, well, they have been coming and going since the great depression, and well before that. They will still continue that way after you and I have been committed back to dust from whence we were taken.

  292. As the bankers, the brokers and influential rich people constantly manipulate others through the media and try to make them buy what they want to sell and sell what they want to buy they usually succeed and get better prices for their transaction. Some use also computerized automatic trading systems for to get an unfair advantage over you. Most unpaid information you can get is usually less than nothing worth when it comes to investing. The best remedies are investment plans and chart technology.

    No, the stock market is not a fair place where to be.

  293. The stock market seems to be one of the most democratic institutions around. Anyone can invest in almost any company to make or lose money. The only real advantage the rich have is they might have more time and resources to do a more thorough of vetting stocks before they invest.

  294. It is not a fair place. The ‘crony capitalists’ (aka super rich) have gotten too greedy in the past few decades and now we are seeing the unraveling of their collective goals of perpetuating the concentration of wealth into their own hands. Their ‘profit margins’ have been raised too high and rather than let the ‘middle class person’ have a satisfying piece of the action, they have just become too greedy using their interpersonal networks of people and electronic communication machinery.

  295. Tight-knit interbred organization/network, easy/early/free access to money, control of legislation/regulation/government, size, early/proprietrary/control information, legal immunity, favorable tax rates, access to proprietary/predatory “investment” vehicles/venues, sociopathic mindset, time as no work work need be performed…just off the top of my head.

  296. No, the stock market is NOT a fair place. Not many people with only $100 in their pocket would sit down at a table to play “No Limit Poker” with the other players that have millions of dollars to scare
    away anyone who was holding anything less than a Royal Flush.

  297. I guess the biggest thing is that I can only afford 25 or 50 shares, so the commission is a higher percentage of my out put. Whereas the better off can afford 500 or 1000 shares so the commission is a lower percentage for them. Also, any info I gleam from a newsletter or magazine article or any other source is a bonus. The better off have people working for them that do nothing but manage their money for them, whereas most of my research is on my own.

  298. Martin, Was told once by and Army Major that “it’s a mean and cruel world” and these past years of my experience verify that remark. Should not think the stock market is any different. For example, when one of your representatives recommends an particular investment and say a hundred of you subscribers invest in that recommendation at say a hundred thousand each and my investment is minimal a hundred dollars the balance is likely to sway my yield results, as i understand the system. It’s tough to get started with very little. Joe

  299. Hi Martin, Most of us have daytime jobs that do not involve keeping close tabs on our investments. If we spent as much time at is as the super rich or could afford professional full time consultants we would perhaps do better. But not having the time we miss opportunities or the time to react as quickly to any sort of opportunities. So we limit our choices and of course our chances. If I don’t make a million in the market every year, I’m happy with a few thousand. I just want to keep moving ahead.

  300. No, it is not. Insider tradings, illegal tradings are frequently making the news and that’s a subset since not everyone is caught.
    The internet is jam packed with unrealistic advisory offers.
    I would never make a trade based on a single recommendation.
    Bela Szalai

  301. In many ways I tend to agreewith the above comments. I am a very conservitive man . In addition I am 90 years old and just feel that the chances of looseing money are great when investing in stock,s, and when your my age you dont have that much time to recover losses.

  302. The markets are not, and have NEVER been, fair places (They are currently MUCH more even than 100 years ago). I (singular intended) has two others working for him: me and myself, and we want a life outside of investing! Information availability, the knowledge of where to get it (quickly!) and millions of man-hours gives Wall Street major advantages. Having said that, as another comment stated (in another manner), my time frame flexibility (I can, and do, extend to 1-5 years) does give me the opportunity to find tasty crumbs in the corners.

  303. Dr. Weiss: On balance I’d say fair in that if you pick the right market that has a powerfull move (up or down) everbody has a chance to get into the move. Getting into the subtle and very small moves (up or down) is more problematical. The small investor is probably excluded from insider info the most. Regards, FZH

  304. The concept of Fair is relative. I certainly do not have the influence that Carl Icahn has. I believe the Market reacts to the investment strategies of the Rich, and most of us common investors are then affected by the movements. However, this just as often plays in our favor as it doesn’t. It is a gamble regardless of whether your rich or not, its just a matter of scale and impact.

  305. The rich have more funds available for advice and more influence. Trading by insiders especially politicians — rigged economic conditions. No way that inflation should not be higher than it is. — honesty!! Changing the rules to the benefit of insiders. That why I need your help to protect what little money I have from continuous cycles of deflation and inflation. The rich have an advantage in ducking taxes — ability to hire attorneys — and you know where that goes. Its a house of cards waiting to be blown over!! We have a political nightmare in this country.

  306. Investing requires timely, accurate information and in-depth analysis. Those who work inside the industry and institutional investors who are responsible for very large portfolios definitely have an advantage, since they are the first to receive this information. Small retail investors can be weeks behind the information curve. The internet and newsletters like yours do help, but don’t level the playing field completely.

  307. The concentration of wealth in this country has reached 3rd World proportions. The middle class is shrinking, the numbers of poor have increased dramatically and the wealthy business owners will fight tooth and nail against raising minimum wage or offering any benefits to their wage slaves.
    Meanwhile the Banksters have ruined the World’s economy, lied and defrauded millions of investors, bankrupted entire Nations, admitted to laundering drug monies, and they still walk free.
    In summary, the wealthiest 2% own and control more than 80% of everything (stocks, bonds, cash, real estate, gold, etc…)

  308. The biggest thing I see is that the big $ folks and I trade at way different speeds. The big $ guys can have a trade completed in microseconds, while I have to wait for my online trader to get around to it – might be tomorrow sometime after I’ve suffered a big loss. It’s enough of a deterent to us little guys to consider not being in the market at all.

  309. No. “Knowledge is power,” and Wall Street insiders and manipulators are privy to knowledge that the average Main Street investor will never see. This used to be worse when I first got interested in the markets about 50 years ago. Computers have improved the flow of information and speed of trading over the past two decades, but a gap still remains. That’s why I don’t like trendy stocks, momentum trades, etc. Another thing I watch out for in considering a stock purchase is the amount of institutional ownership and the identity of the institutional owners because I believe businesses, like people, are “known by the company they keep.”

  310. If we don’t use limits and stops they fudge our numbers so they cost me more per trade.
    The rich have access to ways of making money that we never know about. Plus, it takes money to make money (sometimes BIG money) that we don’t have.

  311. to quote a president how to do you define the term fair? (In his case it was the word is)
    There is a lot of insider trading occurring, many advisers have no business being advisers to guide the small investor.
    and I agree with Gene Rigotti’s comments above.

  312. The rich and super rich can afford to hire top people and have better advice and tips from their rich golf, alumni and other buddies and family . If I was rich, those are the people I would play ball with.

  313. What does fair have to do with it? Is a Las Vegas casino fair? You put your money in and you take your chances.
    Of course the rich and super rich have advantages. Losing $100K, think 2008, doesn’t mean as much to them as it does to me.

  314. Martin,
    I do not think the market is fair. The rich have access (because they have lots of money) to information that is not available to us. The market reacts to investment changes quickly and leave the common man in the dust.

  315. The rich can pay for precious information wheras the other group will use the regular run.

    1. The market is rigged until the dealers lose control The wealthy have access to inside information on occasion but probably lose in their managed money because of the type markets we’ve had in the last decade a la Greenspan and Bernake

      1. Market has never been fair to small investor and is getting worse. If it were not for IRA’s at workplace most small investors would invest little in the market. With employer match and tax breaks IRA’s are still a good investment. Investing outside of IRA’s for small investors in the market is just a shot in the dark.

  316. Indeed, the insiders and especially people in Congress have the inside track to everything. For example, Congress people know before a law is written where money will be spent and then act accordingly. People in the House and Senate make lots of money that way for themselves and also make laws for themselves.
    Then too, people like Buffett can buy stock at cheaper prices since he has lots of money to invest where the “common folk” do not.

    1. Pauline, you are right on the mark. Many of our representatives are in their jobs for themselves, not for us. Representatives should not be allowed to make investments based on impending legislation of which they have insider info. They also should be prevented from becoming lobbyists for at least 5 years after there terms are up.


  317. No the Market is not fair but if investors follow the trends thay can ride the coat tails of the wealthy.

  318. Fair ?? It can be. The rich/super rich can just stay in conservative, fixed income and avoid all stock market risk if they choose.

  319. Probably not but what are the alternatives? The rich have innumeral advantages. Why do some of your associates advise shorting gold and others advise buying it at the same time? Who can I beleive?

  320. Market is not fair, favors the rich and well connected. Country is morally bankrupt. We are in deep dodo.

  321. Over the years I have subscribed to different stock Investment news letters, most overpriced, only to get a lot of stocks to invest in and end up on the losing side, case in point, Tom Essay’s Weiss million dollar matching of stocks to invest. Lost several thousand in addition to the ridiculous price for the subscription.
    Many times with stock subscriptions I always look at with a jaundice eye and wait a long time before I invest in a recommendation, guess I should have done so with the above!

  322. The legislative, Executive, & Judicial Branches of the Federal Government have been infiltrated by anti-Americans. They have also been corrupted by those who believe in top-down government without checks and balances rather than the bottom-up Republic government form with checks and balances that are spelled out in America’s founding documents.
    This relates to your question for two reasons. Bribery allows those with lots of money & those with power to get inside information. The Fed is another source of corruption available to those who can change the direction of natural supply and demand markets.
    I believe the corruption of The Rule of Law, Individual Freedom, Private Property, & A Common American Identity has caused many of us to be at a disadvantage when we invest.

    1. Thank you for expressing this so clearly. I concur.
      The unending artificially low interest rates set by the Feds is the most conspicuous example.
      The policies set by a former executive branch, forcing financial institutes to lend to anything with a pulse (‘or else’) leads to further corruption and market failures. This is no accident.
      It is all about ‘their control’. Fed and legislative policies and directives are heavily influenced by those who are anti capitalist, anti American, anti free market.

  323. Apart from major international corporations, we, the “sheeple” are being “gamed” or mislead by greedy;

    1) Politicians

    2) The Fed

    3) Powerful global financial puppet-masters

    4) Micro electronic trading in the hands of few (over 70% of all trades)

    As a “senior citizen” I am disgusted at the loss of honesty and integrity which once were the rule in investing.

  324. I am 75 and have come to the conclusion that the market is the market and demands respect.

    I suspect the rich and super rich have more opportunity to “cash-in” on created opportunities. One could argue therefore the market is fair because if I were to become super rich I could have almost the same opportunities (the super rich have OLD contacts).

    If I were rich I would probably collect all those greats GIFTS of $1,295 (Sean) that I now miss out on.

  325. The superich, through their many contacts in the business world, have advantages in advance knowledge of events, such as mergers, earnings results and scandals.

  326. No the marketplace is not equal for all, I believe the politicians or there cronies ( aids) have
    a leg up on new legislation ,bills, ect. that give them a unfair advantage. big banking firms tied
    to the politicians also have insider info to give them an unfair advantage also.

    1. No, I don’t think the stock market is fair at all. Frankly, I think certain people can manipulate it to suit their needs. I think the rich and super rich have either connections to inside information or have financial advisors to help them.

  327. No. Wealth and computing power enable the big houses to gain advantages over the small trader, yet they may lack wisdom to apply their advantage, which leaves room for some. Politics, however does enable those in the driving seat to have critical advantages that can overwhelm everyone involved – for example: in a very short time, the so called economics expert for our country can print money and devalue our currency where fixed income, small pensions, social security, etc. for seniors, that have worked for many years, cannot keep up with the real cost of living changes that take place in todays moment – very unfair.

  328. Information. Those with the largest amounts to invest receive the most and often most accurate information. Little guys, like me, must sift through mountains of data to find the most accurate information to guide our decisions. This fact is not lost on every scammer looking to make a quick buck and often investors are separated from their capital by schemes that offer quick or surefire returns. The fact we little guys do not have people working for us to separate the scams from the sound advice leads to many mistakes which in turn leads to an assumption that the market is rigged. The market simply “is.” How we enter and participate in the market is under our control and as all things should be, there is no guarantee of success. But lack of information and expertise leads many to blame the market, as their results certainly could not be their own doing.

  329. the rich have one clear advantage that cain’t be beat and thats the ability to get politicians to change the law to suit themselves

  330. Of course, the wealthy have an unfair advantage, but that being said, the average guy still has to play the game or stay out of it, with the absolute knowledge that he will get eaten by the FED and government engineed debasement of the currency.

  331. Insiders always have certain advantages over outsiders. That doesn’t bother me; I’ve never been much on running with the crowd anyway. Moreover, I have found that for every disadvantage, there is a compensating advantage if you look for it. This has held true for me in every walk of life. What does bother me, is that today’s market is manipulated beyond belief. Investors are more or less being forced to become traders. That might be good for profits, but it is, nevertheless, a form of coercion and I have never liked being herded. I would welcome a return to a free market system but I doubt we will ever see it again. I did very well in the markets for many years by running about 180 degrees away from the spoken or published intentions of a certain segment of our society. Now, that source of intent changes about every five minutes. Throw in the confounding influence of the Fed and we have instability personified. It isn’t that I can’t profit in this environment. It is simply a case of “I don’t enjoy it”. Regards, Tom

  332. “The rich get richer, the poor get poorer” The middle class cant spare the money to do an investment.And if they do will they make the gamble? I know I don’t have the funds and I don’t gamble.

  333. Generally they have better information and also earlier.
    Eventually they can influence the market.

  334. Not particularly fair, but better than nothing. With your help the small investor can be in there OK.

    Need to tame the hedge fund instant in-and-out trading and outrageous compensation for the hedge managers. Need to get more on top of insider trading, especially by Congressmen.


  335. I think High Frequency Trading has skewed things against the retail trader. This has made things far more unpredictable. QE I, II, III, etc has kept the market high preventing the retail trader from making good money from bargains that would have existed otherwise. QE has also made the market less predictable. With “too big to jail” large institutions are able to make money on the market ILLEGALLY since they make their own rules, “F* the little guy!”

    That’s why I rely on you guys to help me.

  336. With a variety of media, stock brokers and financial advisers all giving advice (albeit at little financial risk to them), the market is a tough call for those seeking financial security and moderate appreciation.. Of course the market is stacked. Look at all the insider trading cases (tip of the iceberg).Thanks to Weiss, we at least are almost at a level playing field. But even the “biggies” get hit hard. Case in point: Jamie Dimon and Corzine.

  337. There is no doubt that QE(whatever) is changing the natural flow of the stock market. This makes
    technocial analysis close to worthless because it changes momentum. There are few if any
    analysis that take thisd into account. Taking that into consideration there is no fairness involved

  338. The wealthy have the opportunity to have better advice. The smaller investor has the advantage of being more flexible in how they invest. Overall, I give the advantage to the wealthy.

    As to the fairness of the stock market. I don’t think that is a very good description. The market is what it is. The market goes up. The market goes down.

  339. No. HFT,(software developed by GS which can be used to manipulate the market using mini’s)*, which the President’s WCFM uses, and the failure of the CFTC to act on whistle blower complaints proving nefarious manipulation.

    *not an explanation of the high frequency computer trading
    WCFM- working committee on financial markets
    CFTC-Commodity futures trading commission

  340. The information I receive from Weiss helps.., but want u to be consistent with information I sign up for. Why offer me new info..when it should be included in my original program. However, I appreciate all the email updates guiding me to consider investment changes. Taxes take and taxes give. Beside work, if you are a registered rep with a network/product company, that fits with your life style, then you can write off expense loss for 4yrs (schedule C IRS), but longer if u show a profit for lyr. So investments need a broader strategy. Would welcome info on how “the rich” do well, beside our typical type of investments. I like your portfolio programs. Ken

  341. there is no way an individual investor could make money consistantly. (especially me) I only take advice from good people and they still get it wrong lots of times!!

  342. The stock market is a gamble. Even when you do (what you think is the correct homework) it can bite you or reward you. Like some of your folks say: We don’t win them all. I consider them the pro’s over me.
    I was told once when I was young, Money makes Money. I believe that to be true. Like Eldon points out, you need to buy smart when you have the big bucks. Even us small coined folks have to be watchful of how we buy if buying small unit stocks.

  343. Individual investors have no fair game left to them. If super-savvy and well advised (e.g. Weiss team…) they may survive playing for scrap, not for multibillion dollar stakes. The big boys play the real game among themselves, each one for selfish interests. Theirs is a big poker game and they themselves dont know where the game may lead, but their floats are enormous and one way or another they always end up on top. The choices and risks of individual small investors are largely tied to tha impredictables of the big game.

  344. I think it’s pretty fair except for information the super rich may get about future events because they’re plugged in to the insiders.

  345. i believe the wealthy has the money to invest big. i could buy 100 shares where the wealthy can buy 10,000 shares. if i make a dollar a share i have made $100 but they made $10,000. they can also loose bigger but i believe they got rich by knowing the right people and having well trained people to investigate their investments. i will more likely choose a bad investment than they will. being rich has many advantages, to hire quality people to make you money, to choose where you live and vacation, when you want to work. Me i am on my own, i have to decide the stocks i buy with little information. yes the wealthy have the advantage of having info and inside help.

  346. The market is manipulated by the market makers. No ifs or buts.
    The wealthy has more bullets and more knowlege advisers at their disposal, so the playing field is not even.
    We have to do with what we have–which is limited. So we have to work harder for our game.

  347. Better advisors,and political connections,where the elected have info,that can influence the companies fiscal direction.

  348. “The rich get richer, the poor get poorer”–too true!
    The average investor must not listen to brokers. They aim to make commissions, and they suck
    anyone into buying what the house wants them to buy.

    But the average investor must do his own research, not listen to what the broker says. He will
    only find answers this way, and he can more intelligently invest. The long term haul can enrich
    even the smallest investor.

  349. The rich and super rich have tons of capital. That’s their biggest advantage. They can take more risks with their money. Plus, I think they have access to informaton through associations and personal connections that the average Joe doesn’t have access to.

    With regards to the market, I’d say the P/E and the market valuation looks high especially if you factor in that businesses are at record high profit margins.

    1. Another thing….Congress men/women sit on committees and have inside information on certian companies. They have profited handsomely over the years by having this inside information.

      That’s not fair, IMO.

  350. Martin:

    The stock market is not a fair place for the small investor. It’s difficult to compete with large funds trading hundreds of shares at electronic spead, however that doesn’t mean you can’t make money in the market. I do. I access a lot of information, I trade options and trade small. That puts the odds in my favor.

  351. the rich have the access to inside information, the ability to manipulate people and markets to achieve their end game. in other words corruption. Unless you are willing to be corrupt you can’t play the game, fair or not. Best you can do is catch coat tails to ride a profitable move.

  352. No longer a level playing groud.. from insider trading to having the capital to actually influence the market via trading heavy on any particular stock.. to the computer manipulation of the market with or without the capital..

  353. Markets are manipulated. Even the Federal agencies, like the Federal Trade Commission, which are supposed to protect the public do not do their job. The courts do not uphold the law and are influenced by big money interests. And Congress is a mess.

  354. The stock market is fair.
    The rich have money they can afford to lose and advisors and brokers that are in a position to know on what and when to act that most can’t afford.

  355. The market treats us all the same. The rich have an edge in having access to expert advice, however there is no guarantee that their advice is always correct. Many super rich out their advice in Rupert Murdock and what did that do for them. Better if they had invested in one of the Vanguard Funds. I believe I have access to advice that is excellent and gives me as good a chance as the rich; unless they are doing something illegal.

  356. they have liquidity (or debt facility) to take advantage of any deals They also get approached to finance these deals

  357. Market is fair, it can kill anyone, and mostly does. Being rich is not an advantage per se, because large trades move the market more, and makes it harder for large amounts to be traded. Buffett is a perfect example. He made higher percentage gains, when he traded smaller amounts. Even with
    my small amount to trade, I have trouble getting done what I want at times, because the thing I might be trading is too thinly traded to do large blocks at good price.

  358. Big players can grow rapidly even bigger from a very small percentage of daily growth.

    Little players are unlikely ever to catch up ?

  359. Fair is not the issue – some trades/investments have discounts for the wealthier. But I think the main advantage is the amount of capital they have.

  360. I believe strongly that what you put your attention on you get more of, therefore I don’t wish to get mired in that type of dismal mind-swap. Then you take on the roll of a victim and stop trying to move forward. Its a negative feedback loop.
    An old Tibetan proverb applies here :
    “Everybody wants to eat, but nobody wants to do the dishes”.

  361. No… Even members of Congress have utilized “insider trading” information for

  362. I know that the rich have access to parallel “markets” where information is available before companies go “public”. When the companies are introduced to the normal market the price of the shares is already bid up in this secret market. This is unfair for normal “not so rich”persons.

  363. They have money to gamble with, contacts to do the work for them and while many can only afford to buy a few hundred shares, the rich can afford to purchase a million shares and if they loose some, they have millions more to invest.

    1. Bob said it right. The rich have lots of moncy and contacts, and can afford to lose some while making zillions. Thanks to advisors like Weiss, and thanks to the computer, we little people can be better informed and do better, but the government’s insatiable appetite for our money will keep us from accumulating wealth as the rich did in the early part of the 20th century.

  364. In many cases, advanced knowledge of events. Additionally, they are surrounded w the right people who can give them better intelligence to make better decisions in the future.

  365. market is not fair–very little is fair today.

    The wealthy can trade with computer software

  366. Life is not FAIR, why would anyone think that the market would be fair. All I ask for is the opportunity to play the game. With knowledgeable advisers by my side the Wealthy have no distinct advantage that I see.

  367. Staff, advisors and the time to fully listen to them to make decisions. The capital to move when they need to.

    Thank you for your research and dedication to help individuals like me to analize our needs.

  368. Better than ever. Trades cost next to nothing. Wide variety to choose from. Probably don’t have access to inside info that could get one-time winner, but investing is easy. If you don’t have a particular stock in mind, EFTs allow you to chose a sector or specialty area.

    1. Yes , the stock market is fair.
      The rich have the advantage of getting special placements; otherwise, no they do not have an advantage.

  369. The rich have no advantage over the commoner. The only difference is they can have high priced help to make their trades .

  370. they have their contacts–insider contacts. they also have the money to reward those who provide inside information.

Comments are closed.

Martin D. Weiss is one of the nation’s leading providers of a wide range of investment information. He is chairman of Weiss Research, Inc., the publisher of Money and Markets, Martin’s Ultimate Portfolio, and of Weiss Ratings, the only truly …