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To: bcrafty who wrote (129323)2/9/2006 3:04:33 PM
From: skinowski  Read Replies (2) | Respond to of 209892
 
Before you cry "you and I are not the dumb money;

Dunno, BC, I can only speak for myself... -g

Not sure if you are right. If you watch COT's, you'll notice that sometimes "large" traders are a better contrarian indicators than the small guys. There is a certain "fluidity" in all this. Nothing is cut and dry in this game, otherwise it would be a matter of reading one small textbook, and then go and make millions.



To: bcrafty who wrote (129323)2/9/2006 4:36:39 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 209892
 
...instead it's more of a "big money" vs. "small money" sort of thing...

IMO that doesn't reflect trading realities. There isn't enough "small money" out there to satisfy the Big Money appetite. The propellor heads at Goldman Sachs aren't looking for ways to fleece you and me - they're looking for ways to pull one over Merrill and RenTech and etc etc etc.

Right now, the dumbest money out there is hedge fund money.


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