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Thread: This Can't Be Good News For the Market

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    Default This Can't Be Good News For the Market

    I read this a while back on some blog, but didn't see the actual advertisement until now. Folks, Jimmy Johnson (once a football guru) trading stocks is not good news for the market.

    http://www.bettertrades.net/jimmy-johnson.asp

    Couple that with the Fidelity Trading Tools commercials that make 'trading' such a cool and easy way to manage risk, and you just have to get a laugh out of it all.

    It's all about commissions these days. Buy and hold is over (well for a while at least). Brokers and carpetbaggers know they have better chances of making money through commissions than mutual fund sales.

    Yep, trading is easy. Buy low, sell high!
    "Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog


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    Default Re: This Can't Be Good News For the Market

    David Siniapkin, a postal worker in York, Pennsylvania, uses some of his retirement money to trade options. After three years and being down as much as $10,000, he’s broken even...Volume in the U.S. has tripled since 2004 to a record 3.61 billion contracts in 2009, while trading by individual investors in the same period has increased fivefold.
    http://www.bloomberg.com/apps/news?p...d=abtJr2zb3ckU

    Meanwhile, the big brokers are dropping a load worrying about Citigroup doing a reverse split because it would cut down on nearly 2.5 billion shares a day of commissions. Understand that all this BS is just a ploy for the big brokerages.... err, I mean banks, to screw the retail investor out of money. We've all seen the ads of the good looking woman or distinguished gentleman talking about how they trade stocks, set stops and use technical analysis to make money. Don't fall for the trap.

    This market run-up is going to end with many broken hearts. Who will bail them out?
    "Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog

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