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Quote: Gordon Gekko: The richest one percent of this country owns half our country’s wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It’s bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out
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Here is what is keeping me up at night. Ok. Maybe up during the day: So many of our traditional, historical perspectives of the market, and charts, and % moves, and predictive tools, use volume somewhere in the analytical equation. I guess the simplest example is that we are used to seeing the market advance on increasing volume, and decline (correct healthily) on decreasing volume. Somewhere in these little rules of thumb that we have accumulated over time, is the intiuitively appealing notion that individuals and mutual funds buy stocks at $10, with the hope (or fear in case they
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