Ben Stein on Kudlow: Traders are the devil

People who complain about manipulation are actually member of the herd collectively moving in that direction. ie when trader sells stock in fear, he's part of the buffalo crew jumping off the cliff. Basically, self-haters.

Quote from startraitor:

No, traders run from the herd. Ever watch Discovery Channel when the herd follows the same path for thoushands of years to get preyed upon by the lions, alligators etc.....
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Quote from Thermactor:

Yeah, it's all small-time retail traders, not hedge funds and market makers. Thanks for clearing that up, Ben.
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No shit eh. What a douche...
 
Ben Stein is an academic through and through. He preaches about buying and holding value stocks for 50 years. He is clueless about the markets beyond that.
 
Quote from trueliquidity:

According to Ben Stein regarding the Socgen debacle,

"Traders don't guess, calculate, divine, predict or speculate prices, they manipulate them. They like to form groups to set prices, to manipulate the system."

Obviously I don't think there are many Ben Stein supporters on ET, but any thoughts?
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... so how much money did Ben lose with the market downturn, LOL :p
 
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