Thursday, March 12, 2009

Why Stock Markets are Worse than Casinos

Jim Cramer, host of CNBC's Mad Money, explains how hedge fund operators (like himself) manipulate the stock market. For him it's a game. For the rest of us, it was supposed to be a retirement income.

"Do not store up for yourselves treasures on earth, where moth and rust destroy, and where wall street tycoons manipulate the markets. But store up for yourselves treasures in heaven, where neither moth nor rust destoys, and tycoons have no markets to manipulate; for where your treasure is, there your heart will be also."

Matthew 6:19-21 -- 21st Century Paraphrase.

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