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the nanny state strikes again 😛 !

i hope you lot spent your 200 well,… atleast those of you without loans to pay off 😛

and for those of you that do have loans, stop bitching already,…. youre govt just gave you one extra month to breathe a little easier,…..

….. and now they own you till the day you die, cos you can no longer say that they didnt do anything for you 😀

actually, you never really could now could you?

added to that is talk of introducing a market maker type system here on the stock exchange.

for those that dont know, a market maker is basically a big ass broker that will take your stocks almost always, when you want to sell, and conversely will sell you stock almost always when you want to buy.

right now, you can only sell or buy if there is another dude/ette willing to accept your price.

they basically provide liquidity.

in most cases it’ll be like having a hammour friend who went to school with you,… and pity’s you.

now everyone seems to be singing their praises,….

whoohooo we’ll never lose money again!

yayyy, we’ll be able to always get out when we want to!

hallelulljah, god is an honest market maker who likes you!

ummm, knock knock morons!

alot of world markets, including the us, uk and most of europe and asia i think have this type of system going on, and yet i dont see them celebrating anymore than those that dont. and while it wont make on bit of difference to the upside for those that know what theyre doing, it will fuck up the average retail trader.

when the shit hits the fan for the brokers, guess who they’ll try and unload their crap on.

while one side will be taking in the big boys dumping stock xyz cos they know its CEO is dieing of syphilliys contracted from hot young asia boys at his chalet parties on the weekends,….

guess who they’ll be calling saying:

“its a minor retracement, dont you know to buy on the dips?!”

“if you liked it at 3 you’ll love it 1.5!!!”

“your grandma just took 20,000, now are you going to be a chicken shit and let your granny make a killing just cos youre not willing to remortgage your house??!!”

even the sewer cleaners know, when shit comes at you from one end of the pipe, you gotta move it along if you intend to stay alive, otherwise you get drowned in diarhoea.

and if someones out there on the other end,… well better him than you right?

even more so than other professions, or more correctly “past times”, traders have a thing for thinking that they dont really know whats going on, that someone else has got the inside track,….

95% of the time theyre actually right, cos since 95% of traders lose money, 95% of them dont do their homework or dont have the stomach for this line of work.

and not having the stomach is nothing to be ashamed of. i respect the guy that says no i dont understand and i dont need to be a part of this, more than the moron that jumps in to show hes got balls…….

cos pretty soon theyre gonna be ceremonially ripped out from under him 😀

one of the things i like about this market is that i dont get brokers or “remisers” as theyre called in asia, calling at all hours of the day asking about the size and health of my testicles.

perhaps i’ve just been lucky that i dont speak arabic enough to entertain them, cos i have gotten a couple of calls before.

apart from people losing money, the one thing i’m truely worried about is this:

if people got pissed off enough to walk to the paraliament cos they didnt know who to blame, what happens when you know the guy that told you to buy, that smug bastard, works at brokerage XYZ on the groundfloor of the KSE?

if youre on the verge of losing your house and your wife doesnt know,….

how long before you throw your iraqi invasion AK47 into the back of your truck and head down there to “have a chat” ?

and it’ll be just as likely that the dude will be an expat as it is that it’ll be a local.

back to the nanny state thing, i’ve been reading a book from the 1950’s that quotes an even older writer:

“do not legislate…..give no bounties, make equal laws, secure life and property and you need not give alms…. in a free and just commonwealth, property rushes from the idle and imbecile to the industrious, brave and persevering” – Emerson

hmmm, looks like no one read him doesnt it 😛


One Comment

  1. praises, retail trader, retracement, dips,

    I bought a ticket back to France 😛

    So does a market maker set the price of the shares when you’re buying? If not then how’s is it set? Doe sit mean that You can buy the amount of shares you decide to or there’s still a minimum?

    Must read Emerson 1950’s book! Did you remember the name?

    How come you have zero comments on this one? I know I was having lousy sex that summer, I guess that the others were spending it at Marina Mall 😀

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