On Dec 10, 2006, at 3:35 PM, Nicholas Ruiz III wrote:
> Another example of the unfettered state of Capital: pick an equity
> ticker;
> short one thousand shares. Let's say it goes down one dollar on no
> news or
> incident (this happens everyday). Cover (buy back) your shares.
> You just
> increased your monetary Capital by $1K.
And someone else lost $1K. Perhaps not literally a literal someone, but a conceptual someone. The size of the proverbial pie hasn't changed, just its division.
Doug