As in the Chinese proverb, change is opportunity. The big trading firms (sell side) profit from trading opportunities. Institutional investors (buy side) are challenged by it.
Peter Hollings -----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Michael Perelman Sent: Friday, June 09, 2006 5:05 PM To: [email protected] Subject: Re: [PEN-L] Wall Street opposed to the war? The article claims that Wall Street hates uncertainty. I am not sure that I believe that claim. I'm sure that many investors appreciate security and all investors love growing prosperity, but don't aggressive traders enjoy taking advantage of times when the market is whipsawing around? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
