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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Ira Player who wrote (1032)	11/17/1997 9:27:00 PM
From: TFF	Read Replies (1) \| Respond to of 12617

Ira: let me share with you some experiences I have had with so called portfolio managers of mutual funds, that all the LONG TERM investors are holding. Most of these mutual funds trade in and out of stock positions as much as daytraders! So in essence even the LONG TERM investors are TRADERS! Arguing the usefulness of traders, is like arguing the usefulness of securities markets - They are an essential component of the Capitalist system!