wink fails at daytrading, page-82

Meerkat

How wrong you are. More erroneous conspiracy theories.

Look at the recent history of the big end of town - only one investment bank left on wall street. Look at some of the big funds that are down the tube. Look at the big money and the big banks that went into Long Term Capital Management for a punt. If the big end of town had inside info why did they take a bet with LTCM. If the big end of town knew plenty why did so many get caught out by the recent credit debacle. Sentiment rules the market and this is regardless of size or inside knowledge. Soros was mentioned in this thread. He broke the bank of england. Why? Not because he had inside knowledge but by deduction and trading. Why do banks and investment houses pay big bucks to quants when all they need is inside knowledge.