Monday, December 20, 2004

Day Trading Makes a Comeback: "The success of day traders, who rapidly buy and sell small chunks of shares throughout a market session, excited envy and admiration during the stock market boom of the 1990s. But the collapse of the Internet bubble in 2000 not only sent these rookie investors back to their day jobs, but also gave day trading a bad name."—Reuters via Yahoo! News

The Return of the Daytraders is surely the Third of the Four Horsemen of Bubble 2.0, the first two being the Return of Dumb Money and the Return of Mary Meeker.