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It's easy to think you're a hero when the market goes down a percent or two
for ten minutes. I can assure you that when the shit really hits the fan -
all the small fry traders in the world end to end don't make a dime's worth
of difference. Friday in the tbond market (after the bear market rally on
Thursday) was just a small - very small - example. When one looks down -
and sees that the trap door in the market is open - any prudent
speculator/trader/investor/whatever goes out for a very very long lunch.
Robyn
tj wrote:
> sure there is, it's identical!!! i repeat, off floor day traders offer
> the identical fundamental economic reason as the day trading pit
> traders in that they both provide liquidty and maintain an orderly
> market.
>
> for example, the s&p500 on May 12, during the rubin panic (or 10
> minutes from "stop run" hell :)), it was all offers, no bids, until a
> few "day traders," including Smith Barney (hey mb, were ya buying :))
> placed limit bids...
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