tag:blogger.com,1999:blog-8515247115132134144.post231766530758590729..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: Working for "The Man"Stagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8515247115132134144.post-46672228819683317102012-08-18T20:33:31.872-07:002012-08-18T20:33:31.872-07:00Mr Slippery,
Here are two things that I have no d...Mr Slippery,<br /><br />Here are two things that I have no desire to do!<br /><br />1. Continually day trade against professional institutional traders.<br /><br />2. Spend the day filling in as a professional football defensive lineman.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-89161377505336143952012-08-18T19:21:16.524-07:002012-08-18T19:21:16.524-07:00Day trading was easy in 1998 when everything went ...Day trading was easy in 1998 when everything went to a 40 PE. Today, trading is hard even for the institutional investors. CalPERS had a 1% return on assets last year, with a goal of 7.5%.<br /><br />In 1998, human traders were not up against HFT robots that trade in the 20 millisecond range, literally faster than an eye blink. That, of course, can work against you if <a href="http://blogs.wsj.com/cio/2012/08/16/what-knight-capital%E2%80%99s-meltdown-teaches-ceos-about-it/?mod=google_news_blog" rel="nofollow">your robot has bad wiring</a>.<br /><br /><br />Mr Slipperynoreply@blogger.com