"Vic Smith" wrote in message
...
On Sun, 11 Nov 2007 22:54:51 GMT, "JoeSpareBedroom"
wrote:

"Vic Smith" wrote in message
. ..
On Sun, 11 Nov 2007 22:14:31 GMT, "JoeSpareBedroom"
wrote:

"Vic Smith" wrote in message
m...
On Sun, 11 Nov 2007 21:44:16 GMT, "JoeSpareBedroom"
wrote:


Give me 3 examples of institutional speculators, please.

There's lots on the web about futures markets.
I'm not sure why you're bitching about commodities futures, which
spot markets always bring quickly to reality.
It's the equities markets - Wall Street - that has weakened the
dollar, and the U.S.
If you seriously think that the equity market caps of many companies
are more real than a commodity futures price, try liquidating the
shares of a large corporation for actual cash and see what it brings.
Wall Street is more of a fantasy than any commodity futures market.
Most equities just doesn't reach the real spot market - not yet
anyway.
Any return on Wall Street equities beyond paid dividends is the result
of speculative forces, and nothing else.
Gambling is gambling. Poker, craps, horses, equities, futures, real
estate. Your pick.

--Vic

If a bunch of fools bid up the price of a stock to a level that's
absurd,
you (and I mean specifically YOU) do not have to buy that stock at that
price.

Do you agree with that statement?

Yes.

--Vic

Good. Now we're getting somewhere.

If a bunch of fools bid up the price of oil to a level that's disconnected
from the physical reality of the supply chain, you (and I mean
specifically
YOU) do NOT have to buy higher priced gasoline as a result of the games
played by the fools.

Do you agree with that statement?

Yes.

--Vic

Then, you either work at home or have excellent mass transportation, because
millions of people have no choice but to buy gasoline at whatever price it's
being sold for. Unlike other products, there is no competition.