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| Topic | Stock Topic 7 |
| red sox 777 07/09/20 6:46:25 PM #444: | Oh you know what that's probably a big reason the Chinese stock market is up. Everyone is too afraid of the virus to go to Macau anymore. Gambling revenue was down like 95% or something year-over-year in June and that's with the casinos all open. They're using the stock market as a substitute for gambling. And they love gambling, Macau used to have 6x the gambling revenue of Las Vegas. Even after the corruption crackdown probably eliminated most of the money laundering, it was still running at 3x Vegas. This from a country that still has a lot less total money than the US. I want to buy some long term puts on casinos. People are going to realize that betting on penny stocks or options gives you far better odds than you'll get at any casino. Imagine paying a 1% commission on every trade you make, win or lose. Who'd do such a thing when you don't have to! --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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