Traders Laboratory - View Single Post - A Question...
Thread: A Question...
View Single Post
  #5 (permalink)  
Old 12-02-2006, 08:59 PM
Reaver Reaver is offline
Reaver has no status.

Trader Specs
 
Join Date: Nov 2006
Location: FL
Posts: 922
Thanks: 0
Thanked 3 Times in 3 Posts
Send a message via AIM to Reaver Send a message via MSN to Reaver Send a message via Yahoo to Reaver
Re: A Question...

I think that more and more people are simply falling victim to the new wave of marketing in the "get rich quick and easy" series. I don't think people are necessarily becoming more knowledgable about the markets, etc. (especially when even the ones that go obtain "knowledge" before entering the arena are being filled with a bunch of bs marketing garbage). I currently work in the revenue department of a large financial institution, and I have noticed alot of new attention being drawn to personal finance from large companies. For instance, the big rave right now is "check your FICO" or your "Beacon Score" from Equifax. It's just a big thing to get people to increase their debt and increase revenue for the banks, etc. I think this is very similar. The focus on trading and everything I believe is a way to generate income for hucksters peddling their snake oil, etc and brokers to increase commissions. This is all just my opinion of course, but I don't neccessarily think the quality of market knowledge is being increased per se. Back in the good old days, at least people had to do alot of legwork to really research and learn (not that I would know that from personal experience or anything) but nowadays it seems the sheer volume of knowledge and availability can increase the chances of "analysis paralysis" if anything. Sorry to ramble. I hope what I said made at least some sense. ha ha


Last edited by Reaver; 12-02-2006 at 09:02 PM. Reason: I can't spell
Reply With Quote