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Pastimes : 5spl
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To: TimF who wrote (2529)9/8/2009 10:16:28 PM
From: Jorj X Mckie  Read Replies (1) of 2534
 
Most people don't realize tht speculators smooth the cycles out. They help to mitigate risk (by taking the risk on themselves).

Nobody cries for the speculator when he loses big, but like the article says...they certainly are vilified when they win big.
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