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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: mc who wrote (862)9/2/2000 11:28:28 AM
From: Robert Graham  Read Replies (3) of 1426
 
Yes, I agree that the game is not "zero sum" when longer term players enter the picture. But is a stock or instrument is traded strictly by the day trader, then I think this could be considered a zero sum game.

On a different but related topic, just imagine what will happen when the government allows individuals to invest the money that would normally go to Social Security. Or better yet, how about allowing the government to invest Social Security pension fund money into the stock market. The market driven by this tremendous infusion of cash would be a picnic for the short term trader. But understanding the government and how people in general operate, this would likely come at a market *top*. So they could end up being the losers.

Bob Graham
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