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

To: Jordan Levitt who wrote (15113)	2/3/2002 12:52:02 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 18137

If you are a fundamentalist, traders should worry you very little, for over the long run, they have virtually no effect upon prices. John Maynard Keynes famously said: "In the long run, we're all dead." In the case of Enron's speculation in the energy market, my electricity rates went up 23% recently in Central Oregon, Portland's rates are up 40%, much of Washington State has had 50% price increases, San Diego's rates have doubled. How can you, with a straight face, honestly call this "virtually no effect upon prices"? You are either naive or disingenuous. -Ray