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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Casaubon who wrote (72569)	3/18/2001 5:25:03 PM
From: Dennis O'Bell	Read Replies (1) of 99985

I agree with you, there are too many financial instruments in the mix for a simplistic tightening of margin to have "prevented" the bubble we had. That suggestion is just a way to blame J6P for the bubble, when he really had very little to directly do with it. Speculation could be killed off almost entirely - simply put a small tax on every movement of funds from one place to another. Every single trade, every single deal... with viscosity like that, it would be wonderful, the market would be like watching paint dry. No more excesses, no more bubbles. It would be stasis, like during the middle ages.

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