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You can do nothing except like Geechie said, try to be "the house." Btw, I think the real crash is coming, and this time, there will be no rescue and let's see how "well" the economy will recover according to the conservative thinking. I got my hedge placed already regardless my personal believes.
Hey Jimmy,
If you caught '60 Minutes' last night ( and understand that it is the watered-down, corporate version of the truth), the latest scam on 'The Street' is that 'The House' is actively whittleing its already tiny numbers down even more.
Computer-generated milisecond trades based on alogrithms;
Known that since I was in school in the 90s. My friend want me to do that with him using automatic high speed trading when it just come online. Didn't take it, still have certain risk, and non-fulfilling.
Known that since I was in school in the 90s. My friend want me to do that with him using automatic high speed trading when it just come online. Didn't take it, still have certain risk, and non-fulfilling.
Yeah, but the guys on the floor of the Exchange are saying the electronic boys are cheating, as they are able to get 'info' (possibly more than info) before they do, so computer jocks are the new 'insiders'.
Plus, per the SEC (and from their track record, if the SEC is sayin' it, somebody at Goldman told them to say it) that a single company's alogrithim caused the 'Flash Crash'.
So, given all that, the chance of the average person becoming the House is about as realistic as Bernie Madoff getting re-installed as the Nasdaq chief.
I didn't say everyone can be the house , you do need good amount of CASH. That's the beauty of the game. The traders are not really insiders except the information is really useless based on the speed of the trades and nickle and dime each trade to make millions. Currency market is the oldest automatic trading heaven even before the stock market automation because of its inherent lag between markets and slightly slower speed.
I didn't say everyone can be the house , you do need good amount of CASH. That's the beauty of the game. The traders are not really insiders except the information is really useless based on the speed of the trades and nickle and dime each trade to make millions. Currency market is the oldest automatic trading heaven even before the stock market automation because of its inherent lag between markets and slightly slower speed.
But nobody (for practical purposes) who is not the House now, will ever be so.
And with wealth consolidating with the few, and the Middle Class (or what is left of it) caught in the 'Wal-Mart Triangle' (expected savings vanish as wages shrink), what kind of system are we re-creating?
(Think France in the late 1700's, or Germany circa 1931.)
The genius (or luck??) of America is that we've never had to stoop to that paradigm before, although we've come close on two other occasions previoulsy- and for the exact same reason.
Let's hope the 3rd time ain't the charm.
Last edited by Geechie North; 10-11-2010 at 03:31 PM..
Maybe because Walmart is the largest company in the world.
I love Walmart. Going into the store is like an adventure.
Today's losers can be tomorrow's winners in walmart. Walmart helps stimulate the economy. Plus, what they did in Hurricane Katrina was amazing.
If you have to ask why not to shop at Wal Mart you don't get it and likely never will.
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, you do need good amount of CASH. That's the beauty of the game. The traders are not really insiders except the information is really useless based on the speed of the trades and nickle and dime each trade to make millions. Currency market is the oldest automatic trading heaven even before the stock market automation because of its inherent lag between markets and slightly slower speed.
