Ping-a-Ling!
The Market it’s self is now an abstract ponzii scheme
If it wasn’t rigged, you wouldn’t be allowed to participate.
One could buy and hold for long periods of time, over which micro-second strategies are quite irrelevant.
BFL
The big boys have always had advantages over little guys. Not just in trading but in life in general. Deal with it. One can’t beat traders by trading in and out. However one should not use this as an excuse to not be in the market at some level compatible with one’s age and risk tolerance. With bonds at ridiculously low rates one has to have some amount in stocks to offset inflation. I have some in stocks, little bit in bonds and a lot of cash. But that’s me.
There was public news a long time ago saying that the government or Fed was buying stocks but would not exercise control over companies that received majority investments. So money has been shifted between stocks and bonds, then back in order to continue propping the dollar unnaturally high internationally, prevent the bond collapse, prevent repudiation of debt, etc. It appears that the plan is to slowly shrink the economy to fit only the most worthy without any major market fluctuations and without expanding domestic manufacturing.
THE Berlin Stock Exchange still exists—as a building,
as an institution with large offices, with brokers and
bankers, with a huge organization for daily announcement
of stock and bond quotations. But it is only a
pale imitation of its former self and of what a stock
exchange is supposed to be. For the Stock Exchange
cannot function if and when the State regulates the flow
of capital and destroys the confidence of investors in
the sanctity of their property rights.
The glorious days when millions of marks daily
poured into the Stock Exchange, when the bonds and
securities of foreign countries were handled, when new
concerns and trusts were promoted and exciting speculative
maneuvers were staged—those glorious times have
long since departed, and even the doorkeeper who
vividly remembers the excitement of the “good old days”
does not believe that they will ever return. Yet the
decrepit machine still runs.
From the Vampire Ecconomy, 1939
BFL