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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: bambs who wrote (14286)2/1/2002 3:21:53 AM
From: Raymond Duray  Read Replies (2) of 74559
 
bambs,

Quite a perceptive post. I find lots to agree with. I operate on the basic premise that Wall Street sees as its main business the fleecing of Main Street. Has been true since the days of the buttonwood tree traders on the curb.

So the question is, knowing that the markets are corrupt and we are the designated "marks", how do we take advantage, considering that the typical SI type speculator is at an information deficit in the game? This is the conundrum to me, since inevitably, those possessing more timely, more truthful and otherwise superior information will always have the natural edge in the market. That would be the wire house traders and the corporate insiders. Not us. Enron is perfect example of this information asymmetry leading to an almost inevitable disaster for the little guy.

-Ray
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