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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (26546)	4/16/2000 6:42:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 42523

>all people seem to think about is buying the dip... No more silly than a lot of us insisting on shorting every spike on the road to naz 5000. :) If one thing can be learned from this market gyration, its that the markets are rigged beyond belief. A friend who works at Prudential told me that the market is designed just like a casino- the big players allow the small guy to win occasionally, or win all the time in a small fraction. But the _real_ money is not 15% returns a year. It's the 10000000% returns for insiders, friends of insiders, and brokerages collecting underwriting fees- or the owners of the casino. Not to mention front running "strong buy" recommendations. In a mania those pumps were worth a free 20% pop to any stock they cared to focus on. You can't just go out and directly transfer the wealth from the masses into your pockets. They'd get suspicious. You've got to throw them a bone to keep them interested. letting the retail investor win even 20% a year is nothing compared to the profits that a small group of elite enjoy.