I think you are both seriously confused!
Stock Market is definitely not considered gambling...perhaps if both of you are into full-time day trading or in the market to make a quick buck then the odds are definitely stacked against you...but if you did not know this by now, then both of you should cure your addiction asap!
Stock market is considered "Investing" when you are or long-term investor or a professional investor (institutional investor or a retail investor who is in it for the long term)...Otherwise, don't give the Stock Market a bad connotation by making an unjustified assessment!
for me wat i write about stock market i mean no garantees wich by gambling and expecting more money. peopel gambel on nortel and loss. peopel gambel on bre-x (wich was fraud) and loss. peopel gambel on blackbery and are lossing. i mean no garantees. i can invest in google or apple or mutual funds and there is no garantees i will make money in x days/weeks/months or loss money wen i want or need to sell. it. this is wat i mean by gambel in stock market. it is about balance portfolio to help minimize risk.
also gambeling is about noing wen to get out. in blackjack if i win $100 from disponsble gambeling money of $200, if i get out i gain 50% return. if i stay and then get out wen i loss the $100 gain, i get 0% return. with blackbery wen you buy at $25 and it went up to $50 if you got out you win but if it go down to $25 and then down to $15 and you keep hoping go up but it will neer go back to what you bought it. this is wat i meen with gambeling. with stock you can buy at $10 and after a year it is $15 but do you stay or sell? you stay and it might be $25 next year or it might be back to $10. it is noing wen to get out like gambeling.
yes it is investing but it has very strong gambeling aspect because no garantees and you have to kknow wen to get out to maximize return or get the most out of it.