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TILT2
Registered: Oct 2011
Posts: 350 |
01-19-12 11:15 PM
Quote from galvinlee888:
They still not so smart, when all the buying spree fade eventually (all money go into market and no one leave behind), the market will again go down and this eventually hit their stop, and they then sell again for a loss. They just part of the herd that been paid to play on other people money, which different them from retails traders.The only reason they are making millions is because of the fees, not because of their performance.
Same old story
Totally agree!
You have an extraordinary insight into the industry!
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newwurldmn
Registered: Apr 2011
Posts: 2615 |
01-20-12 12:18 AM
Quote from galvinlee888:
They still not so smart, when all the buying spree fade eventually (all money go into market and no one leave behind), the market will again go down and this eventually hit their stop, and they then sell again for a loss. They just part of the herd that been paid to play on other people money, which different them from retails traders.The only reason they are making millions is because of the fees, not because of their performance.
Same old story
Clearly they are doing something right if people are paying them million's in fees.
So they make millions without having to be right. Who's actually smart here?
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bwolinsky
Registered: Jul 2008
Posts: 4547 |
01-20-12 12:49 AM
Quote from newwurldmn:
Clearly they are doing something right if people are paying them million's in fees.
So they make millions without having to be right. Who's actually smart here?
It must be those dumb investors investing in those dumb fund managers.
Who cares if you beat the annualized return of the S&P by 3% per annum, right?
Not like us traders. Trading around testing ideas and strategies to see which of us can brag about the next double, triple, quintuple, or ten bagging 900% year. Not like their aren't some managers that have done it, and set records, but we usually know what happens after those returns hit and what any rational investor would be doing if they really booked gains that high. Think the world record is 2,200+% in an NSCC registered mutual fund.
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macroman
Registered: Sep 2010
Posts: 588 |
01-20-12 01:05 AM
Quote from newwurldmn:
Clearly they are doing something right if people are paying them million's in fees.
So they make millions without having to be right. Who's actually smart here?
mate, you mixing smart with command economy. these jobs add no value and are created by law to extract money from retirement savings for new generation to spend and indebt. Retirees pay for it. Like buying tecnology high and sell low.
whay these particular individuals were chosen to fill positions ? Probably connections. Inteligence is not on tick list.
every bubble is about that
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galvinlee888
Registered: Dec 2008
Posts: 644 |
01-20-12 04:57 AM
Quote from macroman:
mate, you mixing smart with command economy. these jobs add no value and are created by law to extract money from retirement savings for new generation to spend and indebt. Retirees pay for it. Like buying tecnology high and sell low.
whay these particular individuals were chosen to fill positions ? Probably connections. Inteligence is not on tick list.
every bubble is about that
I completely agreed with you .. those guys are being choose to fill those position based on various wrong reasons - connection, political interest, family background, .. it is aka like someone born by silver spoon or in royal family.
I met with a few of those fat cat before, believe me, if they have to trade by their own money and resources like normal retail traders, they definitely belong to 99% loser as from emg always claim...
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galvinlee888
Registered: Dec 2008
Posts: 644 |
01-23-12 04:00 AM
It is always good time to view the weekly outlook for this week (1/23-1/27).
My view is that the market will do a very small pull-back after a big rally last week, but ultimately will move up again in mid to end of the week.
This is just my complete gut feeling and I am almost flat at the moment (with a few ES contracts with tight stop loss) ..
Any input or market view is welcome. 
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