Hmm, not sure how to respond to that as I do have a serious moral issue with all this but it's my "job" to figure out how to make money, no matter what is happening. It's also my job to point out what's really going on in the markets, where I do get to exercise my moral outrage at the system that, yes, I do participate in.
Do we compare this to a situation where the whole town is looting the Best Buy and I have to decide whether to go inside the store and buy a TV for $500 or stand outside and buy the same TV for $50 from one of the looters? Do I have the right to criticize the looters while benefiting from the looting?
Or am I simply taking advantage of an obvious catastrophe like the Baltimore Orioles and simply making sensible bets that they are likely to lose, which I can profit from without "hurting" the team and I do still have the right of any fan to criticize the incompetence or am I not allowed to because I bet against them?
Governments are like that too. Can you criticize Obama while earning a living in America? Can you want the system to change from the inside while still playing by the current system's rule or do you make a more effective statement by refusing to participate and attempting to tear it down from without?
I don't think you have to "agree" with the bulls in order to bet that the bull will run towards red but I certainly see your point but I think it would be a lot more fake to pretend I agreed with bullish investors, just because we know how to take advantage of their trading patterns...
Wild Weekly Wrap Up: Cash Is King [View article]
Thanks, Jim!
Wild Weekly Wrap Up: Cash Is King [View article]
Do we compare this to a situation where the whole town is looting the Best Buy and I have to decide whether to go inside the store and buy a TV for $500 or stand outside and buy the same TV for $50 from one of the looters? Do I have the right to criticize the looters while benefiting from the looting?
Or am I simply taking advantage of an obvious catastrophe like the Baltimore Orioles and simply making sensible bets that they are likely to lose, which I can profit from without "hurting" the team and I do still have the right of any fan to criticize the incompetence or am I not allowed to because I bet against them?
Governments are like that too. Can you criticize Obama while earning a living in America? Can you want the system to change from the inside while still playing by the current system's rule or do you make a more effective statement by refusing to participate and attempting to tear it down from without?
I don't think you have to "agree" with the bulls in order to bet that the bull will run towards red but I certainly see your point but I think it would be a lot more fake to pretend I agreed with bullish investors, just because we know how to take advantage of their trading patterns...
Great topic for debate!