A big Casino?

The market is a big game of poker. Just like the way players bluff in poker, the way a stock acts doesn't necessarily accurately represent the company behind the stock , he said.
If Wall Street is a game of poker, then the managements behind different companies are the players, They underatnd their companies to be dealt with.

Standing on the sidelines are the analysts, who are always trying to figure out the cards the companies have, he said. They are always trying to read managements' faces.

Then there's the Federal Reserve. The Fed doesn't have any cards itself, but it gets to see everyone else's cards and make judgments. The Fed is the casino, and change the rules of the game at will and at any time.