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Walt Downs wrote:
> I am a big advocate of the concept of value is given for value
> recieved. However, I don't agree that those who trade are not providing
> an important service to the market. Those who trade are adding liquidity
> and helping the market to be effecient ...
Still, though, the market's sole purpose for existence is to allow for
trading to take place. The market is efficient when it allows for efficient
trading. It is a matter of the value that the market can provide to traders
- not the other way around.
Regards,
A.J.
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