To: Stephen who wrote (56861 ) 11/3/1998 1:20:00 AM From: Trey McAtee Read Replies (2) | Respond to of 58727
ALL---MUY IMPORTANTE (at least to me<G>)---PLEASE READ first, i am now involved with an online futures and commodities trading venture. what i would like are any opinions any of you might have regarding online futures and commodities brokers. i would also like to know if any of you would like to try out the new system. you dont have to have traded futures before ( i haven't). just want to get some overall data from people who are actually trading futures and commodities now...as opposed to data from a marketing research firm<G>. now, the second thing....here is a little quote on liquidity...from way back in 1987...'Foreign money's attracted to our market because it's less expensive than their own. So maybe the market can go up regardless of fundamentals.' --Binkley C. Shorts, June, 1987. now, the rationale has changed a bit, actually about 180 degrees. now, the market will continue to hold up because foreign money wont leave because their money will get a terrible return in their native market. liquidity was the rationale in 1987...its still the rationale today. sure interest rates are lower now than then and we dont have reagan spending the country into bankruptcy by building still more missiles that we can use to burn up the planet 100 times over, instead of just 99 times over. but...how much until we start seeing real inflation, and we start seeing the feds power to ease diminish. this isnt meant as doom and gloom, though i know recently that is the way the majority of my posts have sounded. but i do urge caution. its much safer to buy at 10 times earnings than 28 times earnings, especially if earnings growth is less than 5%<G>. good luck to all, trey