Quote:
Originally Posted by Phanuthier
Lastely Claeren, if you are targetting your post to the speculators / traders for quick gains, saying this isn't the time to do it, my retort would be that its never really a good time to do that. But hey, some people are good at it - and they're lucky for that with all the crazy graphs, computer algorithms and so on.
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Oh I agree totally that this extreme volatility offers the speculators/traders/professionals/brave a fantastic time to make a LOT of money.
It also offers at least as a good an oportunity to lose a lot of money.
Pro's understand that (i hope), but I am just kind of saying they shouldn't go telling the masses to follow them into the market without telling them the whole (downside risks) story. (And in turn suggest they may just be trying to get/keep dollars in the equity markets more-so than looking out for their new best friends...)
America is not without hope though, I agee. Obama/Biden was obviously the right choice compared to the alternative (Palin especially) and America is seemingly finally coming out of some anti-intellectual coma they have been in for 20 years and accepting that they need smart leaders surrounded by smart and diverse perspectives not 'average joe' leaders surrounded by one-minded yes-men. It is a start at least.....
Claeren.