Like you I only come on here for entertainment as 95% of the people on here are clowns and haven't traded real money or no what that's even like. That being said if you read what Landis posts over time on here, he falls into the 5% who actually trade and know what he is talking about. Like him I also have a problem with people who spew ideas and talk a lot without backing it up with real money. I agree with him for ripping that dude who was crying. Most likely the person was whining "conspiracy theory" because he lost money and wanted to place the blame on something besides his wrong call.
Agreed 100% Prado, we see this kind of stuff littering "blogs" and places like Elitetrader all the time now because people don't know how to TRADE successfully because they can't get themselves to understand that the stock market doesn't have all that much to do with the Economy as much as it has to do with liquidity. Citicorp was part of an S&P rebalancing today, and AIG had some rumors regarding a debt for equity swap which would lighten their interest expense. Yet, to the people here that have no idea what they are doing . . . it must be some sort of a "conspiracy" having to do with Goldman and their high frequency trading which only accounts for 1% of their revenues. Go figure. ET could be a great place. But the barriers to entry are ZERO and it's clear that Baron has no problem with that. As a result, you have people coming here for entertainment purposes, and nothing else. Tons of "dumb" posts. Cut and paste articles on the Economy that have nothing to do with TRADING, etc. What a shame.
exactly right, can anyone tell me how the biggest credit crisis is over and done with in 6 months. The financials would be 90% lower today if the government didn't prop them higher. The books are cooked but of course no one cares because the stock markets climbing higher and the recession is no over.
You continue to make the MISTAKE of "rationalizing" why prices are where they are instead of simply trading and making money. I hope you don't manage other people's money. You would be horrible as a money manager.
Yeah....the GS high frequency guys are moving the markets. That's a good one. That whole HF/Flashing trades thing works well when there is low volatility (like this summer), but when the volatility shoots up, those programs don't work nearly as well and have zero influence on the market (Not that they have any real influence now). Not sure if people remember two summers ago during the Yen unwinding when the market went ballistic.....a lot of those types of programs got murdered. as far as ET........yeah...to Baron it's a business/numbers game and content doesn't seem to matter to him. If he charged even 5 bucks a month to get on here a lot of the morons would get flushed outta here. It would also probably draw better clientele for the sponsors on here. It is a shame...but it is what it is on here.
I agree that a subscription/ad-model would help to curb the proxy-alias bullshit that is rampant. Charge $25 per handle per year and see how miraculously the T-28 and stock_trad3r threads disappear.
The very low IQ on exhibit here is why I, as a public service, prepared that now famous chart in mid April. The chart clearly described what has transpired. I figured a picture, with animated characters would get through to the sub 90 IQ crowd. Clearly I was wrong, as they are beyond any help , even at a primitive level.