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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Ira Player who wrote (1026)	11/17/1997 8:45:00 PM
From: steve goldman	Read Replies (2) of 12617

Excellent post IRA!!!! Now lets all be civil about this but I think it is a well poised argument and worthwhile dialogue. 90% of investors in these markets buy stocks for one reason....to make money. Most dont know the companies they hold nor think of themselves are "owners".. They buy xyz to go up and sell it when it does. How about this as an argument....the wealth created by the traders is then funnelled into the economy through purchases and other expenditures and thus furthers the economic cycle. That for whatever reason, given the existence of day traders, the market has reached historic levels, which has increased the standard of living of our country. heck....i'm sorry, I'm not psych major or philosopher,...i'll just stop now...i stick to those things I am good at.....someone else will have to defend our profession....Where's Graham? He would love this! Regards, steve@yamner.com

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