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Norman,
At Date: Thu, 8 Nov 2001 01:54:49 -0500 you wrote:
From: "Norman Winski"
<nwinski@xxxxxxxxxxxxxxx>
Subject: Re: The SEC just regulated me out of a job........
DG and all,
What I find fascinating is the mass psychology here. Just before the
economy went to hell and there were two big bear markets, in the late 60s
and early 70s there was a mass psychology swing against business.
Bringing
this forward, now that the stock market bubble has busted, and most day
traders are history, the govt. has decided to put a damper on day
traders.
Looks to me like a great way to drive all of these people away from the
stock market and into the futures markets. The further unintentioned
result
will be that many of these traders, once they become confortable with
futures, willl abondon the stock market all together and go to trading
commodities (where the next big bull market will be, which I am sure is
the
last thing the securities biz had in mind when they passed these new
rules.
Classic case of locking stable door
after the horse has bolted.
By SEC do you mean the listed company named the Slow
Execution Corporation ?
Your suggestion for likely outcome makes sense, so at some stage, maybe a
few years time, we can expect another reaction from the SEC, for the
futures market.
But as in trading, reactions are usually poor compared to pre-meditated
responses.
Trading with good feelings, Ric.
www.traderscalm.com
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