This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Making Money in a Rigged Casino

Stocks in this article: GE IBM KO AFL AIG AAPL

But I played anyway. The stock eventually ran up to $80 a share.

The point is, while the casino is rigged, it's still a bet on a growing economy. Most of these horses come in, sooner or later. Even with the meltdowns of 2000 and 2008, most investors who didn't panic have made out OK.

That's not true for the speculators, for those who plunged on or bought AIG (AIG) in 2006. But it tends to even out and, at these levels, AIG doesn't look too bad.

I'm no great shakes as an investment adviser. I managed to lose money on Apple (AAPL). I bought it too soon and sold it just as Steve Jobs walked back in. I have sometimes bought the wrong railroad, and I bought a global mutual fund just before the market crashed.

But when you bet on these markets, you're betting on America. I think that's a good bet, for 2013 and beyond. I see energy supplies increasing, I see renewable energy putting a floor under prices, and I see a host of new technologies coming to market over the next few years that will just amaze you.

I think now is a great time to put money to work, even in a rigged casino. Knowing I've been wrong before, that my timing isn't the best, I try to bet on solid companies with a track record of treating all their constituents -- including their employees -- with the same respect as their shareholders.

While it would be great to see a few more cops in the suites, knowing that the broken windows theory holds as true for the rich as it does for the poor, I still believe this market is a great place to be, and that things are going to be all right.

At the time of publication, the author was long GE, IBM, KO, AFL, AIG, and AAPL.

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

2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs