[quote=harvey][quote=no_such_reality]The market isn’t about investing, it’s about speculation[/quote]
The stock market is about liquidity.
But please tell us the difference between investing and speculation, and explain why the market is about one and not the other.
[quote]Most fund managers only worry about making their monthly and quarterly numbers. [bunch of other trite generalizations about fund managers…][/quote]
Lol, do you know what Rich’s day job is?[/quote]
I think he was referring to real estate fund managers? In that case, I don’t see them making that big a difference… if they are flipping then they just have to sell it to someone else, so that doesn’t increase overall demand. Maybe some are buying and holding but I doubt that’s a significant portion of the market.
