The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.

MarketWatch2021-02-16

With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers, it’s not illogical that some think of the stock market as a casino, a description recently used by ...

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精彩评论

Dankel
2021-02-17
Dankel
If you trade without understanding the company, then it is no different playing in casino.
Vincentkhoo1
2021-02-16
Vincentkhoo1
Thanks
Whyeloon
2021-02-16
Whyeloon
Not quite gambling...since the house does not win in the long run...
bucky
2021-02-16
bucky
Correct
JenYii
2021-02-16
JenYii
Can’t agree more. But there’s no right or wrong. Just do your own due diligence.
AhHuat2021
2021-02-16
AhHuat2021
like and comment

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Here’s what academic research says.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-new-york-stock-exchange-president-says-the-stock-market-is-not-a-casino-heres-what-academic-research-says-11613396805?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers, it’s not illogical that some think of the stock market as a casino, a description recently used by ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-new-york-stock-exchange-president-says-the-stock-market-is-not-a-casino-heres-what-academic-research-says-11613396805?mod=home-page\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://www.marketwatch.com/story/the-new-york-stock-exchange-president-says-the-stock-market-is-not-a-casino-heres-what-academic-research-says-11613396805?mod=home-page","article_id":"1129378089","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","pubTimestamp":1613443161,"sourceInfo":{"source_id":"market_watch","name":"华尔街大事件"},"weMediaInfo":null,"summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线",".DJI":"道琼斯","ICE":"洲际交易所",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"translate_title":"纽约证券交易所总裁说，股票市场不是赌场。学术研究是这样说的。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"AMC":0.9,"GME":0.9,"ICE":0.9},"content_text":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers, it’s not illogical that some think of the stock market as a casino, a description recently used by Sen. Elizabeth Warren, the Massachusetts Democrat.\nIn an interview with Axios that was aired on HBO, Stacey Cunningham, the president of the New York Stock Exchange, a unit of the Intercontinental Exchange,said she rejected that comparison.\n\n “The markets are not a casino. They are highly regulated and they’re highly overseen. … We are running a market that provides opportunities for investors to come in, invest in the companies they believe in, they believe that are gonna grow, and then share in that wealth creation.”\n\nCasinos, it should be pointed out, also are highly regulated and overseen, though unlike the stock market there are no long-term positions that can be built in, say, a game of blackjack.\nAcademic research suggests stock-market trading and more traditional gambling have quite a bit in common. One paper published in January says there’s 3.5 times more gambling in stock markets than in more traditional venues like casinos and lotteries.\nThe paper — from Alok Kumar of the University of Miami, Houng Nguyen of the University of Danang, and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics — says the U.S. and Hong Kong have the highest per capita levels of what they call stock-market gambling in the world. They identify so-called lottery stocks by looking at volume divided by market cap, and looking for unusually large ratios.\nThat’s not to say all stock market investing is gambling. 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But there’s no right or wrong. Just do your own due diligence.","listText":"Can’t agree more. But there’s no right or wrong. Just do your own due diligence.","text":"Can’t agree more. But there’s no right or wrong. Just do your own due diligence.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/382238847","repostId":1129378089,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382239779,"gmtCreate":1613449501291,"gmtModify":1634553635518,"author":{"id":"3576386999150318","authorId":"3576386999150318","name":"AhHuat2021","avatar":"https://static.tigerbbs.com/3c20c9b8aace5e0ccfd594666a3ef199","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576386999150318","authorIdStr":"3576386999150318"},"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/382239779","repostId":1129378089,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":48,"commentSize":23,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1129378089"}