Aren't the stock markets (AMEX, NYSE) just different forms of legalized gambling?

Aren't the stock markets (AMEX, NYSE) just different forms of legalized gambling?
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answer:Not at all. If you gamble, you know you that losings are larger than winnings, since the house takes a certain percent of all winnings. Overall, there’s no way that the collective group of gamblers can come out ahead. It simply isn’t possible. With the stock market, you know if you buy an index fund and hold it, that over time, it will go up an average of 8% a year. Yes, you can lose, but it’s not guaranteed, and most people win. In gambling, it’s guaranteed that the gamblers collectively will lose. Besides which, in the stock market, you are taking a risk with how productive the economy will be. In the casino, nothing is produced, except money for the casino owners. If you love gambling, buy casino stock.
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