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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (7307)	3/12/2000 10:55:00 AM
From: OZ	Read Replies (2) \| Respond to of 18137

Thanks for all the info, AHHAHA. The topic has been at the top of my mind as of late and I found it informative. What do you consider the best book or books on Livermore??? TIA, OZ

To: ahhaha who wrote (7307)	3/12/2000 11:16:00 AM
From: Dan Duchardt	Read Replies (3) \| Respond to of 18137

ahhaha, First, I want to say welcome to the thread. You have provided us with a well formulated perspective that reflects your grasp of market history. Still, there is a tone in you messages that suggests that the public, and it's institutions, are to blame for whatever ails the market The public never blames the true culprit: unbridled greed of the wild-eyed public. While I don't wish to argue that public greed is not a culprit, I do think you have stated an unbalanced view that appears to absolve market professionals from any responsibility for getting us where we are. I for one, and I'm sure there are countless others, can attest to being ripped off by their friendly broker who promises to act in their best interest while secretly pursuing another agenda. Greed is not an exclusively public attribute, and it's not something checked at the door by the MMs, investment bankers, brokerage firms, etc., when they show up for work every day. That may make them no worse than the rest of us, but I do believe that those with privileged status also have a responsibility to not abuse their advantage. For some of us, it's not just greed that brought us into the fray, and public greed did not all by itself build the institutional constraints that attempt to ensure "fairness" and keep the few privileged participants from getting all the money. Dan