Rob--great post, until you defend the market makers. Those creeps don't deserve the bottom of a shoe that cockroaches see during the last moment of their lives. They prey on the fears of people, and their cynical use of psychology makes me want to puke on occasion. Freud would be appalled!
Say I have a factory that makes plastic flower pots. I hire you to resell them for me after I make them. Business is very good, and at first you are able to run the price up and make a nice profit, but then people want more flower pots than I can make, so what do you do? You sell them what they want anyway, promising to give them their pots later. MILLIONS of flower pots!
But how to give those people their promised pots? You have to scare the current owners of the flower pots into selling them back to you. You hire minions that go forth to spread dark rumors about the evils of plastic flower pots, how they poison plants, how they break so easily, how you're sure there are better ways to house plants. Voila', you have a flood of "defective" pots coming back to you, and you can make up the deficit you created.
Now I am back at the factory waiting for a new order, but you tell me the world doesn't need any more flower pots at the moment. Factory closes, I go try my hand elsewhere.
Crude example, but that is what the *&$%^# market makers do with stocks, Rob, and I am very glad to say that their fun time is almost over. Ala' the "Happy Times" of the German U-boat skippers in WWII, the destroyers are closing in, depth charges primed.
Have fun in your own little world, boyo.
Rick |
