CNBC's Mark Haines made a nice analogy this AM: They call Wall Street analysts penguins. [We at HOME have always called them ANALysts.] This morning Haines showed a front page story of NY Times, declaring that Penguin birds worldwide were starving [supposedly due to lack of fish. . .global warming, etc.] . . he drew the analogy that Wall Street's Penguins [analysts] were likewise starving, due to a lack of fish [retail investors who have become wise to their tactics].
Changing nature is difficult. . . so the penguins are quickly becoming endangered. We hope this doesn't happen.
On the other hand, we are fortunate to have the congress of the U.S. examining every nook and crevasse of the Wall Street ANALysts. . .who work for investment banking groups. Hopefully these Wall Street Penguins will eventually become endangered and even EXTINCT. As I keep saying, we don't need them. Trading is tricky enough without this force purposely trying to throw us off the scent of a move.
As we increase our communications and awareness through message boards like this, the Individual Investor is getting smarter, sharper and more market savvy. I wonder if the media or Wall Street will ever recognize it. . . or will they continue to treat us like idiots? It doesn't matter. By underestimating us, they give us an advantage. And as we continue to find new ways to read the indicators of Wall Street's arrogance and greed, we profitoften.
The playing field needs much more leveling, IMO. And little by little, we will let our voices be heard. . .online. . . in the media. . . and in Washington. We have come a long way in a short time.
Just 3 years ago, most individuals were trying to trade using 15-minute delayed quotes. News was delayed as well. And by the time important info was released publicly on a stock, it had already made whatever move it was going to make. . . .leaving late coming individual suckers holding the bag. Anymore, you don't see this as often. Likewise, many stocks made sharp moves in pre and post markets where individuals could only watch a few years ago. Now we actively play there as well. Thanks to Arthur Leavitt's work at the SEC, the individual investor has a chance of competing in this fixed game . . . currently, similar to our chances of winning in Vegas.
But as we join together in online communities and raise our voices in Washington and in the media. . . .our numbers will continue applying necessary pressure, while demanding attention to our cause. . . eventually making the critical difference. . . to make this game truly fair.
Rande Is |
