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It has nothing to do with buy & hold. Yes, there will always be a market to
trade, but If the Retirement and Mutual Funds, as well as the vast majority
of individual investors who know nothing about Spoos, Options,
Short-Selling, etc., start running for the exits in droves-- you'll see a
very different (and difficult) trading environment than in recent years.
If anyone traded in the year following the '87 crash, maybe you'll have an
idea what I'm talking about. IMO, that environment was minor compared to
the one waiting up the road if the Markets break into a serious plunge
soon-- Especially if its due to Monica & Ken's revenge.
_____________________________________
At 10:26 AM 10/2/98 -0400, Gaius Marius wrote:
>: They couldn't care less about the Markets or the good of the
>:Country and many of them think that the government is better off crippled
>:because it does less damage that way.
>
>Hey, wait a minute...
>
>Why should we care which way the market moves? Are we investors or are we
>traders? Please don't tell me you've bought into that "buy and hold" stuff!!
>
>From my point of view, as long as there exist a financial market, regardles
>of what type of market it is (stocks, bonds, futures), and as long as it
>moves, regardless of direction, we should be able to make money (even with
>TS).
>
>Just my 2 cents...
>
>
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