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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (4404)	7/31/2002 2:44:22 PM
From: oldirtybastard	Respond to of 30712

they're playing with j3p's money, or is CNBS.mtv still on the air just for the portfolio managers?

To: XBrit who wrote (4404)	7/31/2002 3:04:47 PM
From: Jeff	Read Replies (2) \| Respond to of 30712

well mutual funds are the little investors.....they pay the "experts" a commission.....or financial planners because they don't have a clue about the market... what they don't realize is....most of those experts don't have a clue either....and they don't give a crap...they made their money on the commission..... thats how the little guy becomes a bagholder..... just listen to these t.v folks who's audience is the average guy trying to understand the markets....they bring on these fools who keep telling them to buy buy buy in 10 years you will be alright..... but....what they don't know is.....theres only times in history when buy and hold works like that.....we just had one of those times so most folks think its always going to be like that...... but those days are gone.....and those experts want them to still think that way because they know you have to trade the markets now....and they sure won't be holding for 10 years.....they are positioned long and will make the fast money in the uptrend that won't last.....leaving the bagholders behind..... this has been the game all the way down....take the fast money and run and because the public is conditioned not to time the market and you have to accept the markets up and downs.... well.....its like taking candy from a baby.....the public buys and the market drops....they think oh well...thats the risk you take....it will come back..... basically....they just had their pocket picked and don't even know it....and even worse....they are conditioned to accept it.... lots of experts say t/a is voodoo or useless.....they want the average guy to be as blind as possible in the markets.....the more stupid the investing public is the better..... fact is....you can time the market....and t/a evens the playing field with the crooks.... how about the retrace.....i'm just an average guy who trades for a living.....i found it.....i proved for a fact how it has worked perfect..... why don't they put this on t.v.....can a little guy like me see this carnage and not the " experts".....i find that hard to believe..... and if the experts know about the bubble retrace....and still just say buy buy buy...... pure and simple they are crooks...... i just can't believe a guy like me can see this coming and call it on the way down like i did.....and then i watch these "experts" on t.v doing the opposite of what the retrace says..... it tells me they are either total morons and don't deserve to be doing what they do......or they know what they are doing....and there job is to separate folks from their money and give them false info while doing it.... i know what the answer is...

To: XBrit who wrote (4404)	7/31/2002 4:54:42 PM
From: Boca_PETE	Respond to of 30712

XBrit: re:("It's wrong to view this as a market where powerful conspirators manipulate the small guy") To me, it makes total sense when you stand back and objectively look at the conflicts of interest. The large institutions (GS, ML ...) have deep pockets and trade for their own account getting to keep 100% of profits they earn by buying low and selling high. They also trade for the Joe Sixpack getting to keep only the commission on the transaction. It seems to be in the best interests of institutions like GS, ML ... to emphasize the most profitable transactions - the ones for their own account. A way to do that would be to pump or buy low in volume and dump at J6p's expense as J6P rushes to buy fearing missing a rally or new bull market. It's kind of like the conflict of interest that existed in the accounting industry where the same Big-5 firm does low profit audits and also does highly profitable consulting work for the same company. Here, the Big-5 firm's interest lies in keeping it's highly profitable consulting client at the expense of sacrificing its' attitude of independence related to the audit work (UNTIL the S hits the F as it did with AA&Co). It's also like a mutual fund manager trading for his/her own account to get low prices at the expense of trades done in behalf of the fund being managed. CONCLUSION: ------------ IMHO,institutions that trade for their own account should be barred from trading for the public. FWIW, P