This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Speaking for the 95th Percent

I would love to invest in the great new industries being created in this country right now:
  • There's a huge boom in apps. No one writes applications any more. They all write apps, which can be downloaded quickly, which are often free, and which are fueling the phone and tablet boom.
  • There is a renewable energy boom in this country. There are a ton of small solar panel companies, hosts of biomass companies and dozens of startups working on making this intermittent power the center of tomorrow's electric grid.

But retail investors can't get a taste of either boom. Most publicly traded companies in either area are penny stocks, easily manipulated, thinly traded, often of dubious quality. The good plays, the big profits, they're all in the hands of the 1% of the 1%.

Here is an inconvenient truth for you: Wall Street is a TV studio. Nothing really happens there. The markets are all computerized. Much of what is being traded on those computers isn't worth buying. It's a day-long game show. It may reflect the economy, but it does not reflect opportunity.

As hard as the 90% are being pressed by the 10%, and as hard as the 95% are being pressed by the 5%, almost 99% of that 5% are also being pressed, by the 1% above them. The reason this feels like the Gilded Age is because it is, with ordinary American progressive ideas like financial regulation and anti-trust enforcement derided as "socialism" by the smug.

But it's the retail investor who will save this country. The most important reform we can make is to give retail investors something better to invest in, because we're catching on to the game and we don't like the way it's rigged.

At the time of publication the author had a position in SCHW..

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FB $117.58 0.00%
SCHW $28.41 0.00%
AAPL $93.74 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs