Long ago ramblings (June 6, 2001) from a coffee gulping, sleepless, neurotic trader--Back in the day---SAM_5992
Today it's Reddit. Back in the day it was Raging Bull. PHD's. Coffee gulping, sleepless neurotics traded fast, measured, and many times loose.. Most on Raging Bull were seasoned traders. The stock market was gamed then, and it is gamed now with the algorithmic programs, and computer trading. It always will be.
The Federal Reserve always supported the market with cheap money. It didn't care if that hurt retiree's on fixed income, who relied on interest from their savings and cd's. The Federal Reserve (Greenspan back then, then Bernanke, then Yellen) believed in trickle down economics. Well the working stiff got the down; but he never got the trickle. And to be honest, I think Greenspan (maybe not him because he was so smug and arrogant), Bernanke, and Yellen must have stayed up at night praying, knowing they didn't have a clue what to do.
Today the market is at all time highs. People are losing their jobs by the thousands. They are in food lines. They are dying from Covid. And the Billionaires keep getting richer from their stocks.
Don't hate the Reddit traders. They take the risk. They just want the crumbs from the Big Boy's table. If they stay to long in a trade the Big Boy's will crush them. They are swimming with sharks.
Current ramblings from a former coffee gulping, sleepless, neurotic trader.
Long ago ramblings (June 6, 2001) from a coffee gulping, sleepless, neurotic trader--Back in the day---SAM_5992
Today it's Reddit. Back in the day it was Raging Bull. PHD's. Coffee gulping, sleepless neurotics traded fast, measured, and many times loose.. Most on Raging Bull were seasoned traders. The stock market was gamed then, and it is gamed now with the algorithmic programs, and computer trading. It always will be.
The Federal Reserve always supported the market with cheap money. It didn't care if that hurt retiree's on fixed income, who relied on interest from their savings and cd's. The Federal Reserve (Greenspan back then, then Bernanke, then Yellen) believed in trickle down economics. Well the working stiff got the down; but he never got the trickle. And to be honest, I think Greenspan (maybe not him because he was so smug and arrogant), Bernanke, and Yellen must have stayed up at night praying, knowing they didn't have a clue what to do.
Today the market is at all time highs. People are losing their jobs by the thousands. They are in food lines. They are dying from Covid. And the Billionaires keep getting richer from their stocks.
Don't hate the Reddit traders. They take the risk. They just want the crumbs from the Big Boy's table. If they stay to long in a trade the Big Boy's will crush them. They are swimming with sharks.
Current ramblings from a former coffee gulping, sleepless, neurotic trader.