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Hi,
I am also very interested in these analysis. Can I be included in this
discussion or class?
Carl
-----Original Message-----
From: Norman Phair [mailto:ericrogers@xxxxxxxxxxxxx]
Sent: Monday, March 08, 1999 11:59 AM
To: RealTraders Discussion Group
Subject: Re: Gen: liquidity / economics
Linda:
A basic lesson in economics is going to tell you very little about
market liquidity. I was in the business since
1959 before retiring 4 years ago. My basic background was in
trading.
Worked for 2 mutual funds trading and
managing money. Have written many technical market letters. Worked
on
the NYSE floor. Also traded commodities on and off for over 30
years.
Your question
can not be answered in a few words. I would be very glad to talk to
you
on the phone if you want to call me. Let me know, I will send you a
separate e-mail with my phone number.
Norman
Linda Swope wrote:
> Hello everyone, I'm still trying to build my house and I'm
sweeping
> out the shifting sand. In this case, it's basic economics that I
need
> to add to my foundation. I have degrees in psychology and
sociology,
> but I never took an economics class in my life and it shows! I read
> the following in "DiNapoli Levels": "Markets are stable and
tradable
> if they have reactions to any significant price movement. They are
> unstable and dangerous if there is sustained and violent moves in
only
> one direction. This is due to the fact that those professionals
who
> have provided liquidity to the markets are on the wrong side!" Are
the
> professionals the market makers and specialists (I trade stocks
> only)? Ira, if you're out there... you always say follow the money.
I
> don't know what that means or if I can tie that statement to the
one
> above. I would love anyone's thoughts on these statements and
> liquidity in general. Any suggestions getting a basic lesson in
> economics? I'm not talking about learning about stock
fundamentals.
> I'm talking about the most basic principles that underlie the
> markets. Just trying to get a foundation under my house... thanks
for
> the help!Have a good week!LindaSwope's Mountain Photography
> http://www.swopephoto.com
> linda@xxxxxxxxxxxxxx
> Climb the mountains & get their glad tidings: Peace will flow into
you
> as sunshine into flower; the winds will blow their freshness into
you
> & storms their energy, & cares will drop off you like autumn
leaves.
> John Muir 1838 - 1914
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