(Q) Morning of Wednesday, Dec. 8, 1926. I was in an
argument with Moe Wallack about stock market trading methods.
I held out that studying the figures in the yellow
statistical book of ours is of no trading use. Wallack
maintained that it should be used. "O," I said, "Stocks go
up - all of them sometimes in a bull market and they all
collapse downward in a bear market. Usually a smash in a
stock such as now is taking place in Continental Baking will
cause such a collapse - altho, of course, this market of the
present has proved an irregular affair - i.e. an exception
to this rule. According to the rule then what is wanted for
stock trading purposes is information in advance as to
whether stocks are going up or down." Wallack insisted that
I should study the statistics concerning a stock. To prove
it, I went to Al Rosner and asked him if he wanted
information or statistics. "You want information up or down
in price, don't you?" I asked. "Certainly," he replied.
"Not statistics." I went from one to another and they all
agreed with me, not Wallack. "Well, then," said Wallack,
"Its no wonder most people lose their money in stock market
trading." "That is true," I agreed with Wallack.
"Thoughtless activities either on the buy or sell side make
most people lose their money."
(A) In this there is presented to the entity that particular
phase of the various consciousness of individuals to arrive
at the same conclusion, as whether it - the information or
consciousness - pertains to stocks or religion, or what not -
for, as is seen in the argument, some agree with the entity,
some disagree, and that the information is necessary for
some, while DIRECT information is more satisfactory to
others. The entity, [
900], finds that statistics mean
little, as do many others, and others find only that material
minded condition - as such is seen in a statistical turned
mind - necessary to gain knowledge, whether pertaining to
stocks or bonds, or whether pertaining to other events in
life - for, as is seen, each consciousness is gained by
weighing matters, whether mental or material, with that of
which the entity is already conscious. In direct knowledge
one assumes that the all purpose force, or the Universal, is
an acknowledged fact, while the material minded accepts
NOTHING as fact. Hence needs the statistical records to
prove. This may be seen in ANY turn, and is as a truth.
(Q) To what in particular does this refer?
(A) As given.
(Q) I got information from my own cosmic self that Baldwin
was to break. It did so from something over $200 per share
to 198 1/2 - 199. Then I rushed to phone to tell [
137] to
sell some stock on my information, then on second thought did
not do so, thinking I had better not after all. Instead of
Baldwin, General Motors broke down on the tape to 155 1/2 -
155.
(A) Again we find this correlated with that as has just been
given, and, as has been given aforetime to the entity, that
all conditions must be considered when such information is
taken in the material way and manner - yet, as we will find,
the indications are direct from this that there are yet to be
lower prices seen in Baldwin and General Motors, for, as is
seen, the information comes to the entity as an expression of
the inner self - yet the physical actions indicate that there
is the necessity of further enlightenment along the lines
concerning these two particular stocks. Then be governed by
those in actions as regarding same. See?
(Q) Now the Voice as I talked to myself, using an
illustration of my own that gains eager responsive attention
from others: The Voice: "If I were to drop dead right this
second, I would advise the sale of General Motors - yes and
of Texas Gulf also."
(A) Again the indication to the entity of the necessity of
that study and of further information through self - not only
in that as of the statistics, or rather the direct action,
but that as is necessary from those same forces that would be
enacting, or the impelling forces as come through from that
condition experienced by the entity where it passes from the
material to the spiritual plane - yet living on in that
manner in which the forces are only changed in their way and
manner of expressing themselves, as may be seen in the
combination, or the lack of a combination of any various and
many various elements, or as the illustration as has been
given: Certain combinations make H 2 O, and always make
that, yet H 2 O may be changed into many various forms,
carrying many other elements, both of the vegetable and of
the mineral, or even animal kingdom, within itself. So Man,
that of the higher beings, wherein carrying that force within
itself of the Creative Energy as may be made One WITH the
Whole, finds in its transmutation from the material of life
to that of the spiritual life, carrying with same those same
effects as may be seen through that which it has builded
within itself. Hence finds in its various ways and manners
the different forms of expressing to mankind.
We are through for the present.
REPORTS
12/13/26 He obtained Ck. Physical
136-53 for his wife.
Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation