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Re: GEN: Astro-Finance, Realtraders Survey Results


  • To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
  • Subject: Re: GEN: Astro-Finance, Realtraders Survey Results
  • From: "Norman E. Phair" <ericrogers@xxxxxxxxxxxxx>
  • Date: Fri, 14 May 1999 13:02:27 -0400 (EDT)
  • In-reply-to: <cf028c96.246b526c@xxxxxxx>

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Steve:

I guess I would have  to know what your definition of
"squat" is in this instance.  I have a friend who works
for a medium sized Brokerage house that is a subsidiary
of a large brokerage house, like the the ones you
mentioned. He was paid around $175.000 last year. He is
an assistant technical analyst.  His boss makes
$350,000 plus. If this is squat give me all you got.   


Norman E.

 
swp wrote:
> 
> Norman -
> 
> With the exception of Acampora, Shaw, and a few others, the brokerage
> houses pay squat to technicians. They make a fraction of what the
> economists, credit and equity fundamental analysts make.
> 
> Believe me, I know. I was one of them. I was ranked #1 or #2 in fixed
> income by our customers and our group was ranked #1 in FX and money
> markets. And, they shut it down because it was voodoo. Even with an
> economist who is still calling for 100s of points in rate hikes.
> 
> Fidelity still has its department. Nine people. Most of the other fund
> companies still do not.
> 
> Steve Poser
> --
> Steven W. Poser, President
> Poser Global Market Strategies Inc.
> http://www.poserglobal.com
> 
> Tel: 201-995-0845
> Fax: 201-995-0846
> Email: swp@xxxxxxxxxxxxxxx
> 
> "Norman E. Phair" wrote:
> >
> >
> >  Back in the early 60's Fidelity had a technical
> >  department.   They did not advertise it, very few
> >  people new about it.  I would venture to say no other
> >  mutual fund management company had such a
> >  department.  I attribute their superior performance
> >  back then to this department which was run by Chet
> >  Pado.  One of the best performing  funds was managed
> >  by Jerry Tsai, for those of you out there who may
> >  remember his name.  In 1962 as the market started
> >  down, he went into approximately 30% cash in two
> >  weeks. Technical analysis was somewhat of a voodoo
> >  culture back in that era.  Fidelity did not tell
> >  people because if you were a
> >  technican back then people  looked at you at little
> >  funny.  Boy have times changed.  The money that
> >  technicians are paid now by the major brokerage houses
> >  is unbelievable.   Does it pay to be different?
> >  Should you keep your opinions to yourself if the
> >  majority of people out there do not agree?  What
> >  happened to the old theory of contrary opinion?   I
> >  do NOT use astrology in  my trading.
> >                                                                     congratulate anyone
> > who uses it or any
> >  other method that works.  Why do people criticize
> >  something when they do not know anything about ?  I
> >  guess it is human nature. If  they can not carry on
> >  an intelligent conversation about a subject, because
> >  they do not have the knowledge, the subject has no
> >  merit.   There are died in the wool fundamentalists
> >  that manage money who
> >  think technical analysis is not worth anything.
> >
> >  Norman E.
> >
> > > S teve McGuire wrote:
> > >
> > > > John,
> > > > Sounds like a very closed minded approach. If some
> > > > people can make astro work for
> > > > trading, why not show a little tolerance. It is the
> > > > lack of tolerance and
> > > > flexibility that is the root of many of our
> > > > problems today and throughout history.
> > > >
> > > > John Napier wrote:
> > > >
> > > > > Several days ago the web master asked that all
> > > > you
> > > > > astrologers converse with each other privately
> > > > through your
> > > > > own email.
> > > > > THAT IS STILL AN EXCELLENT IDEA.
> > > > > I don't want to start a rumble here but why don't
> > > > we get off
> > > > > this CRAP and get back to sharing good trading
> > > > ideas and
> > > > > information that will
> > > > > improve our trading techniques. THAT'S WHAT THIS
> > > > FORUM IS
> > > > > ABOUT. Not astrology or sun worshipping or
> > > > occultic signs.
> > > > > Whoever started this thing why don't you give all
> > > > those
> > > > > others who have joined in with their special
> > > > signs YOUR
> > > > > private email or still better, why don't you
> > > > start your own
> > > > > web page just for that stuff.
> > > > > I, Like you, don't want to offend anyone..BUT you
> > > > have
> > > > > offended me. So lets call it quits right now
> > > > while you are
> > > > > ahead.
> > > > >
> > > > > TTrue61470@xxxxxxx wrote:
> > > > > >
> > > > > > In a message dated 5/12/99 7:46:59 AM Central
> > > > Daylight Time, chmeyer@xxxxxxxx
> > > > > > writes:
> > > > > >
> > > > > > << I'm no rocket scientist, especially as it
> > > > relates to quant skills--
> > > > > >  but isn't it silly to consider this a valid
> > > > sample base; and size? >>
> > > > > >
> > > > > > I totally agree. At the risk of getting the
> > > > administration mad at me I'd like
> > > > > > to point out a few things about astrology.
> 
> --
> Steven W. Poser, President
> Poser Global Market Strategies Inc.
> http://www.poserglobal.com
> 
> Tel: 201-995-0845
> Fax: 201-995-0846
> Email: swp@xxxxxxxxxxxxxxx