Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: American Spirit who wrote (8828)	9/12/2001 8:03:57 PM
From: KyrosL	Read Replies (1) of 74559

AS, are you starting to see that your position makes absolutely no economic sense? I tried to educate you, but wonder whether it shank in. People spend a very tiny portion of any increases in their stock wealth (the Fed estimates around 3%.) Predictably, you ignored my pleas to you to go out and SPEND. But that's what helps the economy, and of course, that's what no prudent person will be doing right now. Unlike long term buy and hold investors, short traders view their short trading profits as income. Very few shorts are long term sell and hold type investors. So they spend a much higher portion of their profits. Essentially shorts take equity from LTBH investors, and spend a much higher portion than LTBH would if THEY had the profits. In conclusion: shorting is great for the economy and the patriotic thing to do in these trying times. Just make sure you spend more than 3% of your short profits. Kyros

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