Re:AAPL closes at exactly $500.00
by thingylab on Saturday January 19, 2013 @02:18AM
(#5082869)
I got seriously pissed because a bunch of idiots got excited about the number 500 and Apple, so this will probably be my last comment on this thread.
Anyway, let me tell you this: I work for a (fairly) big 'global macro' hedge fund. Historically we traded fx and rates, but we started (slowly) trading equity last year. The rationale given to our investors was: "the equity market is full of arbitrage opportunities because it is very much a retail market and people tend to trade out of 'gut feelings'.
We are not manipulating the market. You are, and we are profiting from it. Suckers.
Anyway, let me tell you this: I work for a (fairly) big 'global macro' hedge fund. Historically we traded fx and rates, but we started (slowly) trading equity last year. The rationale given to our investors was: "the equity market is full of arbitrage opportunities because it is very much a retail market and people tend to trade out of 'gut feelings'.
We are not manipulating the market. You are, and we are profiting from it. Suckers.