|
PureBytes Links
Trading Reference Links
|
At 04:57 PM 10/7/2008, Robert Arbuckle wrote:
I believe in an open and freely
operating market but no one envisioned a whole lot of wealthy people
pooling their money together to push the markets where they wanted them
to go to the benefit of those limited investors. Not only doing
that but doing nearly everything with no public over-sight or
reporting.
Last time I checked (about a year ago), hedge funds were a mere $2
trillion vs. about $60 trillion in all investments so it is hard to
believe that they are causing this damage.
I suspect that the real culprit will turn out to be the public yanking
their money out of the market and money market funds and I don't blame
them... Who wants to go down with the ship...
Bob Fulks
__._,_.___
![]()
__,_._,___
|