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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Moominoid who wrote (67082)	7/30/2006 11:36:38 AM
From: shades	Read Replies (2) of 110194

Good read Moo - the food chain - easy concept I can get my head around. When all the little guys dry up or are scared away and the technical traders starve - who will the big bank trading floors feed on? Good technical traders suck money away from less informed traders (including mutual fund managers who have to sell or buy to deal with cash flow in and out of their funds). Phil grande comments on this frequently - he says he hates people like joey bag o doughnuts because he costs people a lot of money in a short time - so they stop trading or investing in wallstreet because they got burned so bad - they jump into cd's I guess - take away all the players and how does the Casino stay open? Like Mortimer said on "Trading Places" wether you win or lose MOO - they always win! HAHA! Phil grande can't make fast big money in markets if they don't stay liquid. What did Bud Fox's dad say to him in WALL STREET - quit living off the buying and selling of others MOO - go MAKE something with your life. They lose some to the more sophsticated traders at the big banks etc. doing all those strategies in the paper. They will win as long as they can suck more from the losers than they give to the winners above them in the foodchain. Recent info here and on mish's thread by the IMF have shown that the big banks make the big money off thier trading desks no? Getting rich slowly in real estate sure affects those commissions you don't pay if you don't play the trading game eh? How is a crooked trader gonna afford that high price call girl if we shut down the specialists and market makers? hehe Some traders at the big banks getting 50 million a year paycheck eh? Bogle said it is time to recapture the "soul of capitalism" in his new book and put these dinosaurs out to pasture who are extracting money from me and you to fly in nice new corporate jets for no real benefit to us or our society - time to let computers do what the specialists/market makers of old did. If the markets become more efficient - you remove volatility and stabilize liquidity - you won't become phil grande - turning 100K into 10 million in a few years because you were a superior technical trader. He has admitted many times it just not EASY like the old days for even a PRO trader to make money - that is why he sells education and entertainment now - what does a telephone switchboard operator do when the routing computer has made her obsolete?

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