Monday, May 24, 2010

THE VULCAN REPORT - Financial Reform and Free Markets

05-24-10 10:07 AM


Most people that complain about the markets are those that are unable to derive consistency from trading. The losers always complain after they lose they have to blame somebody so why not blame the market. However when their winning they say I'm a genius I'm a guru let me teach you how to trade. This Bear market has kicked many a guru in the face. Ask yourself where are all those trading rooms from the 90's? In a Bull market everyone's a great trader. In a Bear market they shout we need financial reform so that its illegal for the market to ever go down. They want you to go to jail if your short this market. They want to make it impossible to make money on the down side. Only the elite want to be able to short. I say let those that can trade do so without gov't interference. The markets need to be free markets. They need to do away with the uptick rule and the pattern day trader rule. We don't need the gov't to protect us. We need the gov't to stay out of the free markets and stay out of corporations. Its not the job of the gov't to run companies. Its not the gov't job to run hedgefunds or private equity funds. 




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