3 ms·
The reason to be 'mad' is actually a seperate case. There is an unethical nexus of power between the government, the news conduits, and the establishment on wal
by 001sky 13y ago
The reason to be 'mad' is actually a seperate case. There is an unethical nexus of power between the government, the news conduits, and the establishment on wall street. The markets are not "going up" because companies are improving the world. The markets are "going up" because the fed is making decisions (which its entitled to do) which subsidize poor performance. That is step (1). The next reason that people (should) be mad, is that absent arbitrary volatility (in an of itself annoying -- see #1), favouritisms (corruption) by the media is expressly against US public policy (viz Reg FD...and others) dating back almost a century (at least to the 1930's). That is step (2). The thrid reason to be mad is that Institutional traders have structurally boxed out retail to capture profits, physically. That is, through infrastructure. Not only does infrastructure advantage not add any value, its really only properly leveraged with co-opted agents and quasi-corruption in layers (1) and (2). That's layer (3). Basically, a shit sandwitch. Pardon the French.
Nobody is (or should be) mad with people trading on fundamental performance and clean, authentic risk-taking.