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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (77434)	5/25/2001 1:28:16 PM
From: John	Read Replies (3) \| Respond to of 99985

What? Are zero-sum game? A shell game is more like it. The only ones misleading anyone are the market makers, but now they obviously can't accomplish their objective as easily, so they are going to cry and whine to Congress about it. It's pretty clear what transpires in your so-called zero-sum game. It's the biggest racket on Earth. There is absolutely no need for a middle man, and you know it. Supply and demand can and should dictate prices. Heaven forbid the price of a stock reflect the true supply and demand for it. The only thing positive Knight probably sees in it is the fact that it may crush out weaker Market Makers, but rest assured, they will tell Congress the new system is squeezing their margins and they don't like that aspect. Bottom line: Market makers are exactly like bookies in a Vegas Sports Book. They will make their money regardless of who wins. John

To: ahhaha who wrote (77434)	5/25/2001 1:36:25 PM
From: John	Read Replies (1) \| Respond to of 99985

OT... That is, when markets would go to extremes and there were no public bids or offers, in order to make the market continuous I did my job and provided an exit for the panicked public by filling in those continuity holes. Maybe it would have been better for all if there were no easy exit. What would logically happen if you hadn't been there to facilitate and exacerbate the selling? Logic tells me that the prices would have stabilized much sooner and an "extreme" situation could have been avoided. REAL supply and demand, not artificial. Get it? In my opinion, Market Makers are obsolete, period. John