The fix is in. Wall Streets plundering of America continues unabated. And the American people are blissfully unaware of what is happening to them. This has been happening since the markets were invented, but never has there been more manipulation than today. The problem with playing the markets is that you never have enough information as an individual investor to really know what is going on. And if you think you do,  think again. A great romp through history on this theme is to read  The Book of Daniel Drew - A Glimpse of the Fisk-Gould-Tweed Regime from the Inside.

You can down load the book from Google here

The Book of Daniel Drew

Daniel Drew was perhaps America’s first successful speculator, who from poor beginnings raised himself up to rubbing shoulders with millionaires of the time like Gould, Fisk and Boss Tweed. He was a notorious cheat and used every trick in the book to make himself rich, which he did. He was bigger than Warren Buffett and and one of the most notorius speculators and political movers and shakers of the time. This is a fascinating historical story describing history of early New York City and the Hudson Valley  as seen by Daniel Drew. 

Mr. Drew is a deceitful, rough hewn character that is seemingly honest in his recollections of his life and times, but was known to cheat his fellow church parishioners out of their money. However, he passes on a few strategies that are useful today.

1. “The money market is the key to the stock market. They who control the money rate also control the stock(s).” 

This is impressive insight that he understood 65 years before there was a Federal Reserve controlling the US money rate.

2. “The way to make money in Wall Street is to calculate on what the common people are going to do, and then go and do just the opposite.”

When you hear stock suggestions from your cab driver or to buy t-bills from you neighbor, its best to avoid these investments. When you hear suggestions

from the general public, you have probably missed gains in these areas.

3. “I ought to have [closed my position] without a moment’s delay - cut short your losses and let your profits run, is the rule.”

What I came away with, which I felt was the best bit of advise that Drew offers is that “Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.” 

What Drew was talking about here is that if you aren’t on the inside of a company or a deal, you really don’t know what is happening. You are walking in the dark, with glimpses of what you think are good deals, but you don’t have specific details and information to make the market work for you.

The market is rigged against you. Cssh and Gold or Silver seem the best place to be right now.

Do your due diligence and have a stop in place or this market will eat you alive.