Monday, October 10, 2011

Everybody keeps asking what Occupy Wall Street wants. Here's what they want.

People keep asking what the Occupy Wall Street crowd wants. Below are two videos that sum it up concisely. Personally, I am surprised the protests have staying power and seem to be growing. I guess what we learned in science class about a strong action (Tea Party) having an equally strong and opposite reaction (Occupy Wall St) is true. They are both visceral reactions to the meltdown.

Friends know I have more than a casual interest in the markets and many past and present clients are based in finance. The nicest compliment came from an editor from Institutional Investor Magazine who said they would always call me if they didn't understand the article. Who are institutional investors? They're the guys who won't pick up the phone if you're worth less than a 100 million. Since the meltdown in 08 I have became more interested in the technical and macro aspects of the market because most advisers for regular people are FULL OF SHIT.

In Wall St, you have two kinds of participants in the market. Smart money and dumb money.

The biggest irony of the Tea Party/Occupy Wall St coin is the macro smart money guys agree with many of the goals of Occupy Wall Street when it comes to financial reform and the wealth gap. When smart money guys talk about the Tea Party, it is usually with derision.

Bet however you want.

I prefer running with the smart money.

(Thanks to Bill Alger for the find)






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