2001-02-17
What it really proves is people don't understand fractions. The fractions
blinded them to what was really going on. Now, decimals makes trading more
transparent and the values are more clear. Thus even a 4 ¢ change becomes
noticeable.
I just wonder what the minimum point spread is in other countries? Like
Canada, Australia, the Euro zone, etc.? Do they experience the same problem
and if so, how do they deal with it? I can't believe that only the
Americans are having this kind of trouble.
I was also under the belief that when decimalization was discussed, that a 5
or 6 ¢ spread would be maintained and the change to penny pricing would not.
Maybe they should have gone from fractions to decimals and stuck with a 5 ¢
spread, and once the dust settled from that, then experiment and change the
limits. This kind of problem gives decimals a bad taste in peoples mouth.
And opponents can charge that problems in the stock market will happen in
the public if we ever go metric.
John
Keiner ist hoffnungsloser versklavt als derjenige, der irrtümlich glaubt
frei zu sein.
There are none more hopelessly enslaved then those who falsely believe they
re free!
Johann Wolfgang von Goethe (1749-1832)
----- Original Message -----
From: "Nat Hager III" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>; "U.S. Metric Association"
<[EMAIL PROTECTED]>
Sent: Saturday, 2001-02-17 10:17
Subject: RE: [USMA:11088] Re: decimal stocks at 3 weeks
> It sounds like the problem is more with the minimum point slide being too
> small (1 cent vs. 6.25 cents) than any issue specific to decimalization.
> There was the lady who thought a stock going from $35.04 to $35.00 was
> "dropping like a rock", but you'll always have that. <g>
>
> Nat
>
> >
> > 2001-02-17
> >
> > I had also read similar articles in the Wall Street Journal and the
> > Cleveland Plain Dealer (AP report) over the past few days. The question
> > that comes to mind, is how are stocks traded in other countries that
have
> > been decimal from the git-go and how do they get around the problems
> > experienced here? I can't help wonder why Americans have so much
trouble
> > doing things that are normal and logical.
> >
> > John
> >
> > Keiner ist hoffnungsloser versklavt als derjenige, der irrtümlich glaubt
> > frei zu sein.
> >
> > There are none more hopelessly enslaved then those who falsely
> > believe they
> > are free!
> >
> >
> > ----- Original Message -----
> > From: "Nat Hager III" <[EMAIL PROTECTED]>
> > To: "U.S. Metric Association" <[EMAIL PROTECTED]>
> > Sent: Saturday, 2001-02-17 05:09
> > Subject: [USMA:11079] decimal stocks at 3 weeks
> >
> >
> > > Some fine-tuning related to decimal stocks....
> >
> >
> >
>
>
