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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: David Wright who wrote (10597)5/1/1999 10:59:00 AM
From: Casaubon  Read Replies (1) of 14162
 
**OT**

If it was the case that "The market is a zero sum game", then there would be no such thing as progress. If you think of the sum total of wealth that exists in the world, at any given moment, as the stored energy of work that has has been accomplished, it becomes quite evident that wealth is indeed stored and accumulated over time. The process of creating and storing wealth is accelerating due to the population explosion. Of course wealth accumulation is not a static occurrence because some wealth is destroyed (war?). But sometimes, even war (destruction of wealth?) is wealth sparing, in that more wealth might be risked or destroyed if war did not mitigate a potentially greater violence (world war?). This is an overly simplified statement to point out that wealth accumulation is in fact a reality, and as such, statistical analysis may in fact have some predictive capacity. If the market was zero sum gain, and random, it would not trend higher (wealth accumulation) over time.
You are correct, I believe, in assessing little, if any, value in AMZN TA.
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