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

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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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Daniel Tay
·2021-02-17
If you trade without understanding the company, then it is no different playing in casino.
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Vincentkhoo1
·2021-02-16
Thanks
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Ronchan
·2021-02-16
Not quite gambling...since the house does not win in the long run...
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bucky
·2021-02-16
Correct
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Jenyii
·2021-02-16
Can’t agree more. But there’s no right or wrong. Just do your own due diligence.
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AhHuat2021
·2021-02-16
like and comment
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2
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pingabc
·2021-02-16
Like and reponse tyty
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enhao
·2021-02-16
But a good place to earn
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- pingabc:
  yup totally agreed
  2021-02-16
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henjotan
·2021-02-16
Like my comment please
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1
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Zacchaeus
·2021-02-16
Good read!
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rofl
·2021-02-16
Please like my comment, thanks!
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jayelse
·2021-02-16
Wow research
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- jayelse:
  yes gamble
  2021-02-17
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- PEHPEH:
  Ppl treat it like casino nowadays
  2021-02-16
  Reply
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ZEROHERO
·2021-02-16
How to get these coins?
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1
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SLabcd
·2021-02-16
Good
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1
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Favian
·2021-02-16
yeah just need to do your due diligence
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- Favian:
  yes
  2021-02-16
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mcwood
·2021-02-16
Well got casino stocks[得意]
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shwu
·2021-02-16
That’s true
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- Hansolo:
  How true?
  2021-02-16
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roge857
·2021-02-16
I am a postman for 20 coins
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Dinorawrr
·2021-02-16
Like and comment
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WSBApes
·2021-02-16
Like and comment
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- Dinorawrr:
  gdfgfdc
  2021-02-16
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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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. 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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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382550590,"gmtCreate":1613468831010,"gmtModify":1704880781852,"author":{"id":"3574816125989243","authorId":"3574816125989243","name":"Vincentkhoo1","avatar":"https://static.tigerbbs.com/df2edef04256c926759f8d9b3ce93070","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574816125989243","authorIdStr":"3574816125989243"},"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382550590","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382251319,"gmtCreate":1613456213331,"gmtModify":1704880652472,"author":{"id":"3559128077154435","authorId":"3559128077154435","name":"Ronchan","avatar":"https://static.tigerbbs.com/44cc3fba457549bd6dbe449c8aa6c640","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3559128077154435","authorIdStr":"3559128077154435"},"htmlText":"Not quite gambling...since the house does not win in the long run...","listText":"Not quite gambling...since the house does not win in the long run...","text":"Not quite gambling...since the house does not win in the long run...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382251319","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382261631,"gmtCreate":1613453425323,"gmtModify":1704880627004,"author":{"id":"3570858059087130","authorId":"3570858059087130","name":"bucky","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3570858059087130","authorIdStr":"3570858059087130"},"htmlText":"Correct","listText":"Correct","text":"Correct","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382261631","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382238847,"gmtCreate":1613449668289,"gmtModify":1704880585260,"author":{"id":"3559395309338899","authorId":"3559395309338899","name":"Jenyii","avatar":"https://static.tigerbbs.com/529eb98195626d2d61bbc27ff77d02c9","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3559395309338899","authorIdStr":"3559395309338899"},"htmlText":"Can’t agree more. 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://ttm.financial/post/382238847","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382239779,"gmtCreate":1613449501291,"gmtModify":1704880581867,"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://ttm.financial/post/382239779","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382291747,"gmtCreate":1613449001089,"gmtModify":1704880571044,"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"htmlText":"Like and reponse tyty","listText":"Like and reponse tyty","text":"Like and reponse tyty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382291747","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382293452,"gmtCreate":1613448968976,"gmtModify":1704880569752,"author":{"id":"3572659393547388","authorId":"3572659393547388","name":"enhao","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572659393547388","authorIdStr":"3572659393547388"},"htmlText":"But a good place to earn","listText":"But a good place to earn","text":"But a good place to earn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/382293452","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3577485,"gmtCreate":1613449061996,"gmtModify":1680777029145,"authorId":3574565348851267,"author":{"id":3574565348851267,"idStr":"3574565348851267","authorId":3574565348851267,"name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382293452,"type":1,"supId":0,"prevId":0,"content":"yup totally agreed","text":"yup totally agreed","html":"yup totally agreed"}],"langContent":"EN"},{"id":382293038,"gmtCreate":1613448919824,"gmtModify":1704880568459,"author":{"id":"3560907030568316","authorId":"3560907030568316","name":"henjotan","avatar":"https://static.tigerbbs.com/677029dd536dcdab8ac9efb82e525a37","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3560907030568316","authorIdStr":"3560907030568316"},"htmlText":"Like my comment please","listText":"Like my comment please","text":"Like my comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382293038","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382202528,"gmtCreate":1613448289564,"gmtModify":1704880561141,"author":{"id":"3571961662143942","authorId":"3571961662143942","name":"Zacchaeus","avatar":"https://static.tigerbbs.com/a3d003759145d432b6a0393561eaccbd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3571961662143942","authorIdStr":"3571961662143942"},"htmlText":"Good read!","listText":"Good read!","text":"Good read!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382202528","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382202285,"gmtCreate":1613448276547,"gmtModify":1704880560816,"author":{"id":"3571798867194715","authorId":"3571798867194715","name":"rofl","avatar":"https://static.tigerbbs.com/a782efba8e9be0ccc6a4a3b55e7ec507","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3571798867194715","authorIdStr":"3571798867194715"},"htmlText":"Please like my comment, thanks!&nbsp;","listText":"Please like my comment, thanks!&nbsp;","text":"Please like my comment, thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382202285","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382676840,"gmtCreate":1613446761680,"gmtModify":1704880546387,"author":{"id":"3574476494535550","authorId":"3574476494535550","name":"jayelse","avatar":"https://static.tigerbbs.com/0ab149402f50e55713163e850a184c9e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574476494535550","authorIdStr":"3574476494535550"},"htmlText":"Wow research&nbsp;","listText":"Wow research&nbsp;","text":"Wow research","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/382676840","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3585239,"gmtCreate":1613519005938,"gmtModify":1680777144592,"authorId":3574476494535550,"author":{"id":3574476494535550,"idStr":"3574476494535550","authorId":3574476494535550,"name":"jayelse","avatar":"https://static.tigerbbs.com/0ab149402f50e55713163e850a184c9e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382676840,"type":1,"supId":3579517,"prevId":0,"content":"yes <u>gamble</u>","text":"yes <u>gamble</u>","html":"yes <u>gamble</u>"},{"id":3579517,"gmtCreate":1613470270188,"gmtModify":1680777057132,"authorId":3568799656541576,"author":{"id":3568799656541576,"idStr":"3568799656541576","authorId":3568799656541576,"name":"PEHPEH","avatar":"https://static.tigerbbs.com/af5e8cdcfb3b610e210a145cbda18d52","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382676840,"type":1,"supId":0,"prevId":0,"content":"Ppl treat it like casino nowadays","text":"Ppl treat it like casino nowadays","html":"Ppl treat it like casino nowadays"}],"langContent":"EN"},{"id":382646341,"gmtCreate":1613445492483,"gmtModify":1704880534245,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","vip":2,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3566532164444643","authorIdStr":"3566532164444643"},"htmlText":"How to get these coins?","listText":"How to get these coins?","text":"How to get these coins?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382646341","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382640323,"gmtCreate":1613445018962,"gmtModify":1704880527415,"author":{"id":"3561687131790412","authorId":"3561687131790412","name":"SLabcd","avatar":"https://static.tigerbbs.com/ee729bc8a6e8b42e7c9da20e9bbab6b8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3561687131790412","authorIdStr":"3561687131790412"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382640323","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382657001,"gmtCreate":1613444940903,"gmtModify":1704880525801,"author":{"id":"3562815822807212","authorId":"3562815822807212","name":"Favian","avatar":"https://static.tigerbbs.com/3c9db4d731960e756da0c07d6b32f34a","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3562815822807212","authorIdStr":"3562815822807212"},"htmlText":"yeah just need to do your due diligence&nbsp;","listText":"yeah just need to do your due diligence&nbsp;","text":"yeah just need to do your due diligence","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/382657001","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3577076,"gmtCreate":1613445013891,"gmtModify":1680777021579,"authorId":3562815822807212,"author":{"id":3562815822807212,"idStr":"3562815822807212","authorId":3562815822807212,"name":"Favian","avatar":"https://static.tigerbbs.com/3c9db4d731960e756da0c07d6b32f34a","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.10","exceedPercentage":"93.04%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382657001,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"}],"langContent":"EN"},{"id":382655223,"gmtCreate":1613444846662,"gmtModify":1704880523370,"author":{"id":"3569805243820041","authorId":"3569805243820041","name":"mcwood","avatar":"https://static.tigerbbs.com/899c12565f32e74966bd8f5ceac09f7c","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":8,"crmLevelSwitch":1,"idStr":"3569805243820041","authorIdStr":"3569805243820041"},"htmlText":"Well got casino stocks[得意]&nbsp;","listText":"Well got casino stocks[得意]&nbsp;","text":"Well got casino stocks[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382655223","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":382652793,"gmtCreate":1613444810312,"gmtModify":1704880522723,"author":{"id":"3568393360647869","authorId":"3568393360647869","name":"shwu","avatar":"https://static.tigerbbs.com/9e8515115b8883df9c91ae8997c11a84","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3568393360647869","authorIdStr":"3568393360647869"},"htmlText":"That’s true","listText":"That’s true","text":"That’s true","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/382652793","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3577096,"gmtCreate":1613445155605,"gmtModify":1680777014440,"authorId":3564890577105697,"author":{"id":3564890577105697,"idStr":"3564890577105697","authorId":3564890577105697,"name":"Hansolo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382652793,"type":1,"supId":0,"prevId":0,"content":"How true?","text":"How true?","html":"How true?"}],"langContent":"EN"},{"id":382650159,"gmtCreate":1613444159271,"gmtModify":1704880513199,"author":{"id":"3564723645066746","authorId":"3564723645066746","name":"roge857","avatar":"https://static.tigerbbs.com/3f38aadb9b562bb0184264131d82a00c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3564723645066746","authorIdStr":"3564723645066746"},"htmlText":"I am a postman for 20 coins&nbsp;","listText":"I am a postman for 20 coins&nbsp;","text":"I am a postman for 20 coins","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382650159","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382625122,"gmtCreate":1613443902666,"gmtModify":1704880508999,"author":{"id":"3554985094748884","authorId":"3554985094748884","name":"Dinorawrr","avatar":"https://static.tigerbbs.com/1fb9df44b170a8dd8de17480623183c7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3554985094748884","authorIdStr":"3554985094748884"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382625122","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":382622355,"gmtCreate":1613443785077,"gmtModify":1704880507220,"author":{"id":"3554966404999750","authorId":"3554966404999750","name":"WSBApes","avatar":"https://static.tigerbbs.com/524d2f8eb87bb134321ff44e82807a56","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3554966404999750","authorIdStr":"3554966404999750"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/382622355","repostId":1129378089,"repostType":4,"repost":{"id":"1129378089","pubTimestamp":1613443161,"share":"https://ttm.financial/m/news/1129378089?lang=&edition=fundamental","pubTime":"2021-02-16 10:39","market":"us","language":"en","title":"The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129378089","media":"MarketWatch","summary":"With the wild moves in the stocks of GameStop and AMC Entertainment,or last week in cannabis makers,","content":"<p>With the wild moves in the stocks of GameStop&nbsp;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.</p>\n<p>In an&nbsp;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.</p>\n<blockquote>\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</blockquote>\n<p>Casinos, 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.</p>\n<p>Academic 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.</p>\n<p>The 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.</p>\n<p>That’s not to say all stock market investing is gambling. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New York Stock Exchange president says the stock market is not a casino. 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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯","AMC":"AMC院线","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"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","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1129378089","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. The researchers say about 15% of stock market volume in the U.S. is associated with gambling, a percentage that runs as high as 30% in the stock markets of China and Thailand.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3576948,"gmtCreate":1613443913391,"gmtModify":1680777016806,"authorId":3554985094748884,"author":{"id":3554985094748884,"idStr":"3554985094748884","authorId":3554985094748884,"name":"Dinorawrr","avatar":"https://static.tigerbbs.com/1fb9df44b170a8dd8de17480623183c7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382622355,"type":1,"supId":0,"prevId":0,"content":"<u>gdfgfdc</u>","text":"<u>gdfgfdc</u>","html":"<u>gdfgfdc</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":48,"commentSize":23,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}