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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (59356)	4/24/2006 3:56:59 PM
From: shades	Respond to of 110194

He's selling you BS and you're buying it, so it must be truth. Grace, my dad was a top army recruiter - they used to use fake diplomas to get nice black kids into battle - so much for ACCURACY in category 4 recruit numbers - some of my uncles were used car salesman - amway distributors - and followers of Jim Swaggart before he slept with the dog and hookers bestiality style. I am aware of BS and what motivates people to sell BS I think. I saw much BS from my friends the pawn dealers, crack/heroin sellers, and payday loan lenders. I saw lots of BS being sold at IBM and see lots of BS today all over everywhere. The philster tells you right off you are going to lose money in the market - no way around it - you have to lose before you learn - if you learn. I'm sure more than one Big Swinging Richard thinks the Sun comes up because they demand it to, but the fact that the Sun comes up every day doesn't make their delusions accurate. I am really trying to learn - how does one get to become a specialist - how are the firms chosen - what is thier oversight? I don't know all the nitty gritty - its ok if you don't - you can just say so. Can you tell me? Is it like the comptroller of the currency who is buddies with everyone at fannie/freddie? Is it like all these offices the pres has put personal friends in office - who maybe were much less qualified than strangers he didn't know? To assume that the activity of being the middleman, in this case the specialist or MM, who is buying and selling stock is somehow different from buying and selling any other good in which there is an active market on both sides, The well reasoned arguments by bogle (vanguard group) is that a human being is not a good traffic cop for billions of people trading anymore - that a computer can do a better job - do your mm friends disagree? I know the john henry boys want to think they can beat the machine with thier pick axe - but that is not the future. that the simple laws of supply and demand can be suspended if you happen to be the one "making the market". Well there are crack dealers who make markets - I am sure you have seen many that will buy certain things at ANY PRICE. IN fact you have probably seen A LOT that will buy at ANY PRICE. Post after post after post by many on SI prove there is crookery and deception everywhere - the world continues on even with this deception and treachery - how many here on this thread trust CPI - even your friend ahhhah said all these silly gubbment numbers cant be trusted. Yet mm's with thier closed books are the moral high ground? I don't know if you have much experience setting prices, Grace - I have much experience in many areas of life: George Bernard Shaw once found himself at a dinner party, seated beside an attractive woman. "Madam," he asked, "would you go to bed with me for a thousand pounds?" The woman blushed and rather indignantly shook her head. "For ten thousand pounds?" he asked. "No. I would not." "Then how about fifty thousand pounds?" he contined. The colossal sum gave the woman pause, and after further reflection, she coyly replied: "Perhaps." "And if I were to offer you five pounds?" Shaw asked. "Mr. Shaw!" the woman exclaimed. "What do you take me for!" "We have already established what you are," Shaw calmly replied. "Now we are merely haggling over the price." but I'm sure you know enough to know that you can set them at any damned place you want, but if you want to transact you have to set them where the market resides. This rule isn't suspended for paper assets. HAHA! I know some people that would pay ANY price for some things - in vegas some things cost 2000 an hour - in cambodia that same thing costs 2 dollars per day - such discrepency. All of this aside - how does a mm firm become one - what is thier oversight structure - why is a human being a better traffic cop than a computer that can match buyers and sellers much more efficiently without greed and emotion?