Paul
Your article should not link 'day traders' with the recent market declines.
Are you writing about financial market stability or 'day traders'?
I have never met or corresponded with a day-trader. A day-trader is someone
who uses over leveraged positions trying to make money on intra-day movements.
It tactic appears to work best towards the end of a bull market. And even then
I suspect they will have short life spans.
Most people here are trying to make money by valuing companies and thinking
for themselves. Is that so unusual?
The recent 'volatility' in the financial markets was predicted and
explained by Jim Sinclair. http://www.jsmineset.com/
He has been running a blog for a few years.
Surely the big story is the instability of the banking and monetary system itself.
Why write about 'day traders' when there is a 450 trillion dollar derivatives meltdown.
Sinclair describes the situation as the sum of all greed.
He is no light weight, the press once tipped him as US Secretary Treasury.
Society Gen. had a trader with a 54 billion long position on the German Dax
that blew up. Maybe stunts like that could cause more 'volatility' than mythical 'day traders'.
Maybe the flat lining of the monoline insurers backing the financial engineering
of our banks is going to cause 'volatility'?
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=abk&sid=0&o_symb=abk&freq=1&time=8
Day traders seem to be like the new witches. There is an elephant in the living room and its not the 'day traders'.
In order to prevent insolvency of the banking system we are on a course similar
to the Weimar Republic. There have been two other times like this, the
collapse of the gold standard in 1933 and the collapse of Bretton Woods in 1971. That might cause some 'volatility'.
By increasing the money supply very fast asset prices can become elevated
above the economic value. How about linking the RBA to the 'volatility'.
This (thanks to Nick at sharelynx) was the result of the last time the lords of the universe tried
to a stunt like this:
- Forums
- General
- newspaper feature article
newspaper feature article, page-2
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