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To: CowboyJay
>>>>>>>Unless your main source of income is playing the markets (in which case you're pretty much a parasite anyways), you're not safe from globalism, either. Every wage earner in this country is under attack. Not to mention that it is a VERY bad idea to be giving the Chinese the means to global domination.

You are exactly right.

55 posted on 02/15/2006 11:33:14 AM PST by Thorin ("I won't be reconstructed, and I do not give a damn.")
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To: Thorin

"Unless your main source of income is playing the markets (in which case you're pretty much a parasite anyways),"

Agree with your comments except for this characterization.

traders (people playing the markets) provide tremendous liqudity in our financial markets. Trading is not riskless - traders put their OWN or MPO capital at risk continuously.

Do you think the markets would function better if there were no traders at all? Would this help the average investor for the average volume in his stocks to get cut in half, or maybe much more on some small-caps? Can you imagine how much book depth would simply vanish if all the parasites quit?

I am not trying to characterize trading as some saintly occupation, but I do feel that your characterization misses the primary public benefit of having traders.


586 posted on 02/15/2006 7:29:58 PM PST by WoofDog123
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To: Thorin; CowboyJay
First of all, Jay, there is no such word as "anyways"!

Secondly, if there were NO brokers, traders, or investors, American business would collapse.

Thirdly, The vast majority of Americans, in one way of another, now "plays the markets"!

Ergo, the two of you, who claim to be oh so above it all and call others "parasites", need to rethink your calling yourselves "CONSERVATIVES", because you aren't one!

624 posted on 02/15/2006 7:56:21 PM PST by nopardons
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