To: April Lexington
Your description is of the stock market corca the mid 1990s before glass stegall was repealed and before hedge funds had carte blanche. Today it is all hedge funds, high frequency trading computer programs and endless forms of manipulation.
21 posted on
07/25/2010 9:49:31 AM PDT by
Frantzie
(Democrats = Party of I*lam)
To: Frantzie
It’s certainly no longer a means of connecting capital to sound businesses. It’s a casino, run by, and for, insiders.
23 posted on
07/25/2010 9:52:14 AM PDT by
Wolfie
To: Frantzie
Good point. But... think of the poor saps who earn their living on fees from managing money. The volatility is making it difficult to generate consistent returns on managed money. Firings of money managers is picking up steam in some quarters as the “money” searches for just the right Wizard of Oz who will get them the 8% they were promised when they opened their accounts...
26 posted on
07/25/2010 9:57:16 AM PDT by
April Lexington
(Study the constitution so you know what they are taking away!)
To: Frantzie
You nailed it. And what a shame.
IMHO, real financial market reform would be to let the little guys like you and me have a chance again. Like it was pre 2000.
28 posted on
07/25/2010 9:59:07 AM PDT by
upchuck
(Our margin of victory this November MUST BE greater than their margin of fraud.)
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