The day traders are back. Here is an interesting article from New York magazine. http://nymag.com/news/businessfinance/53617/
When the Tsunami is few miles inside the ocean, it looks like a still & small tidal wave. But when the tsunami reaches shores, people realise that the Tidal wave is 100 feet high and traveling at 800 kmph. By this time it is too late and the tsunami destroys everything.
Great article. Thanks for posting. I love in the comments section. Someone posted 'these people are crooks..lowest form ..blah blah" The poster's name, "Obamalover1". LMAO
Us traders on ET should get a bit more organized and start posting comments on these types of articles to counter the 'traders are wall street scum' attitude that's so prevalent. I know it's only a drop in the ocean, but with no organized voice, it's something. I don't care what people think of me, but I do care about talk of more regulation and taxes on what we do.
I agree. We need to point out that it was the over the counter credit market or big bank credit market that blew the economy up.