To the editor:
I see parley activity continuing to increase, especially as more sports bettors enter the market and online sports gambling is legalized in large states such as California, Texas and Florida. (“Draft Kings and other sports gambling apps hit the jackpot with ‘parley’ betting) “When They Win, You Lose,” Cover Story, Aug. 11). Given that online sports betting platforms always win, I intend to move away from the get-rich-quick idea of continually parlaying and focus on more sensible long-term capital increase schemes. The best approach is to allow increased parlay losses by everyday gamblers to trickle down into the future profitability of gambling apps.
Alec Bicknese
new york
keep the course
To the editor:
Thoughtful Long-Term Investors Will Win Long-Term (“The Stock Market Is Down. Why It’s Time To Be Happy,” Up & Down Wall Street, Aug. 11) . Stick to the course, invest conservatively and regularly in low-cost index funds, and don’t let your emotions rule your decisions.
Larry Bonner
at Barrons.com
I’m looking forward to
To the editor:
After 30 years as an owner and operator in the trucking industry (actually an ‘asset-based logistics provider’ for retailers as well as manufacturers), I had a unique perspective on the state of the economy. (“Listen to Main Street, Not Main Street.” Wall Street Speaking of Inflation, The Economy, Aug. 11). Economists judge a “recession” to be essentially a negative statistic, but cargo volumes are real-time and real-world. As we were anticipating seasonal needs and running our client’s distribution operations, our outlook on the economy was ‘positive’.
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So it was quite interesting to see Yellow, perhaps the biggest LTL, come out. [less than a truckload] The country’s freight forwarding company has filed for bankruptcy. result? Within a week, more than 40,000 shipments were diverted from LTL carriers daily, with little to no economic impact on the country. No supply chain shortages, manufacturing stagnation, or mass layoffs due to product shortages. there is nothing. An infrastructure system that handles 40,000 shipments daily was absorbed by competitors within days.
Lee Hoffman
Lakewood Ranch, Florida
lines in the sand
To the editor:
If regulators don’t draw a line in the sand, there will be a myriad of “market magicians” who make big money when their bets are right and nothing when they’re wrong (“bubbles are Growing Up, Relief Continues: The Story”) The Fed and the Backstory of Long-Term Capital Management, Aug. 11). John Q. Public will face a growing and soon out of control debt crisis.
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Robert Copp
at Barrons.com
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