Hatred of the NYSE

Quote from Rearden Metal:

You have GOT to be kidding me! :eek:

Three possibilities, as I see it:

A) JMartinez is a specialist himself, or allied with the NYSE specialists in some way, and is here trying to lobby on their behalf.

B) JM's posts here are some kind of practical joke, trolling, or something along those lines.

C) JM is sincere. He really <i>is</i> that confused. He thinks that parasites are somehow an asset. The NYSE should be careful not to piss them off, as they might protest by refusing to rob us any more.

So guys, anyone care to guess what's really going on here?
Is it possibility A, B, or C?
More...


No all three:

http://elitetrader.com/vb/showthread.php?s=&threadid=81248&perpage=6&pagenumber=1

I can see the future :D

lol
 
Specialists have a edge that requires no talent, other than hard work, to exploit. Just like floor traders. I hated floor traders (as a group, rather than as individuals) even when I worked on the floor. To me they were fleecing people, despite possessing no talent, and having nothing to offer in return for the exorbitant cost of their "services".

Eventually it will disappear, like floor trading. Until then, either pay the price and stop moaning, or stop trading with specialists, thus avoiding the problem.

There are numerous more efficient markets around, with neither floor traders nor specialists. You can always trade them if you want.
 
Quote from Cutten:


Eventually it will disappear, like floor trading. Until then, either pay the price and stop moaning, or stop trading with specialists, thus avoiding the problem.

There are numerous more efficient markets around, with neither floor traders nor specialists. You can always trade them if you want.
More...

If everyone did that, the problem would never get solved. Thankfully, there <b>are</b> people in this world who care enough to fight for what's right, instead of taking the 'bend over and take it quietly' approach as you would suggest.
 
You must log in or register to reply here.
Back
Top