On Sat, May 17, 2008 at 10:53 AM, Doug LaRue <[EMAIL PROTECTED]> wrote: > ** Reply to message from "Bob La Quey" <[EMAIL PROTECTED]> on Sat, 17 May > 2008 01:08:10 -0700 > >> > Manipulation both diminishes our understanding and decreases the value of >> > markets for useful purposes. For example, all of the nice "momentum >> > investing" has done an excellent job of increasing volatility--not a >> > benefit. Part of the value of markets is liquidity so that volatility can >> > be managed. >> >> "Manipulation diminishes our understanding" is a nonsensical >> statement. It may make some limitied sense if by "your" I understand >> you to mean, "Andy" or the generalpublic. But if I know how to >> manipulate a market and you do not then I know more about the >> market than you do. Is what you object to the private holding >> of such knowledge? (Power to do so is another issue. Important >> certainly, but different from understanding.) > > even I got that he/Andy was talking about manipulating something > such that the result is that something changes into a more complex > and more difficult to understand state. You could think you know > more and manipulate the market so that the resulting chaos changed > the market so it takes a three-propeller beany hat wearing turd to > figure it out. > > Doug
Do you really think the market was "simple" before the boys with "three-propeller beany hat wearing turd" came along? BobLQ "BTW, great ad hominen." -- KPLUG-List@kernel-panic.org http://www.kernel-panic.org/cgi-bin/mailman/listinfo/kplug-list
