Fwd: Warning signs of the coming financial armageddon, #569

[Enrique Diaz-Alvarez]

Henry C.K. Liu wrote:
>
> One thing about the market, if there is no money in it, it won't happen.  The
> growth of day trading is not based on ideology or charity.  People have been making
> out well in it and it will continue to expand.
> 

I think one possible explanation is that a small percentage of day
traders, through sophiticated models, intuition, or whatever, have
figured out a way to take money from a large majority that start up,
lose money, and quit. Not much different from all those "get rich quick
dealing in real state" infomercials, although in a much larger scale.
But I admit I haven't seen any hard data about daytraders and their
profit/losses, beyond self-reported anecdotal evidence. Do you have any?


> Henry

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