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The Guts and Glory of Day Trading: True stories of day traders who made (or lost) $1,000,000 by Mark Ingebretsen

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Chapter Eleven – Secrets of a Techno-Fundamentalist – Barbara Simon: The Earnings Player

Earnings are the magic elixir on which our economy runs. Take away earnings and very quickly the entire capitalist system would roll over and die. Because without the prospect of earnings as a reward, there would be no incentive for entrepreneurs to take risks and build companies. Likewise, there would be no incentive for investors to buy stocks in those companies. Many economists and market analysts will tell you that you can thank earnings for the much-touted “wealth effect” brought on by the ‘90s bull market. Whether those earnings came about because of low interest rates or because of heightened productivity in the end hardly matters. What does matter ...

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