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Strategies & Market Trends : DAYTRADING Fundamentals

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To: scrooge who wrote (2226)7/31/1999 10:01:00 AM
From: TraderAlan  Read Replies (2) of 18137
 
Richard,

Speaking of foul-breathed talking heads, here is Abelson this morning in Barrons:

"At least in its most recent incarnation, day trading largely has been an exercise in silliness. What could be more farcical than the idea that any of us bumpkins equipped with a computer, an online connection and a little spare time could make his fortune trading stocks?

This kind of running joke was fed by the mindless mewlings of TV pitchmen and gee-whiz accounts in the public prints of programmers, potato-chip salespersons and grease monkeys who quit their jobs and found riches and happiness in a few hours of daily speculation."

Alan
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