|
|
Article: Lay Off the Day Traders, You Wretches and Snobs.(FinancialObserver)
- Article from:
- The New York Observer (New York, NY)
- Article date:
- November 29, 1999
CopyrightCOPYRIGHT 1999 The New York Observer. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Dave Kansas
What's this: We're still hung up on day traders?
As the bull market rolls on, the old-media aristocracy (most recently, The New York Times Magazine, on Nov. 21) continues to obsess over the solitary obsessions of the day traders, as though this straggling lot of wired, manic investors holds the key to understanding the new age of money. You would think that the day traders, alone at home with their mousepads and their cute little Schwab accounts, have pushed us to the edge of some kind of national disaster.
It's a class thing. Day traders are considered low-rent losers, delusional suckers. So they get blamed for a market that ...