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"JoeSpareBedroom" <dishborealis@yahoo.com> wrote in message
news:SgfHh.4273$ya1.1783@news02.roc.ny...[color=blue]
> "mark_digital©" <XXX-976@comcastnot.com> wrote in message
> news:WIOdnamsV87R4HDYnZ2dnUVZ_sKunZ2d@comcast.com...[color=green]
>>
>> "JoeSpareBedroom" <dishborealis@yahoo.com> wrote in message
>> news:qYeHh.4271$ya1.3239@news02.roc.ny...[color=darkred]
>>> Supply & demand doesn't explain many of the price swings we've seen in
>>> the past two years. Much of it is due purely to speculation by
>>> investors. Why did oil drop $2.00 a barrel yesterday or the day before,
>>> after going up by about that much two weeks ago? Answer: Gambling in oil
>>> futures, based on totally unrelated news reports which generate
>>> emotional reactions. No different than the stock market. Bank of
>>> American reports lower earnings than expected, and Citibank's stock goes
>>> down also. Nonsense.
>>>[/color]
>>
>> My brother-in-law is a stock broker. He doesn't make any money when the
>> market sits idle.
>>[/color]
>
>
> I did that for 3 years, until some of the customers began driving me
> crazy. I still run into two of them now and then. One thinks I'm amazing
> because I got him to buy Cisco when it was dirt cheap and nobody yet
> understood the potential. He made a killing with that stock. And, a rather
> wealthy woman thinks I didn't try hard enough to keep her from selling
> Cisco one day, when she was in a tizzy about something totally unrelated.
> She's nuts. I called my manager into my office to try and talk her out of
> it, but she insisted on selling it.
>[/color]
Well, right about now, considering how many stock brokers have been shown
the door, those who are left probably would be pleading Drive Me Crazy, I
Don't Care.
I'm not in this type of business so I have to be careful not to bite off
more than I can chew. I can only speculate that today's climate is more an
open season type of thing versus the old boys club. The latter being less
volatile to crazy nonsensical things, but as you pointed out, not completely
immune to tizzy fits.