February 28, 2023
The stock market has turned into a casino. Nearly half the options on S&P 500 stocks as well as on SPY and QQQ have maturities of less than 24 hours (0DTE). This means that everybody is after a quick buck . . . a REALLY quick buck . . . about as quick as a slot machine in Vegas. Now, 60% of options traded had maturities of 1-2 days, up from 0% in 2010, and 6% in 2018. Investor-to-gambler ratio has changed dramatically . . . by 60-fold in thirteen years. What are the biblical principles that underlie a healthy economy? We go over them on this broadcast.
About Your Host, Kevin Swanson
Homeschooled himself in the 1960's and 70's, Kevin Swanson and his wife, Brenda, are now homeschooling their five children. Since graduating from his homeschool and then serving as student body president of a large west coast university, he has gone on to other leadership positions in corporate management, church, and other non-profits.