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Richard Parsons wrote:
>
> Forgive me if I'm missing something here but isn't one traders loss
> another's gain?
>
I am no expert, but a couple of thoughts come to mind quickly:
If the stock market drops, who wins??
Similarly, if Italian interest rates go up relative to US interest
rates, who wins?
It seems to me that both a falling stock market and rising interest
rates both eliminate wealth. Together they can eliminate a lot of
wealth.
JMO
Dan Goncharoff
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