<The NASD Big Boys want you out of these markets now . . . right here at the recent lows [note especially the timing of this rule change: it was OK for small investors to get plenty of margin on the way down, then before markets start moving up again, margin is removed].>
Rande I sense you are a little paranoid, excessive margin use was one of the reasons that caused the bubble. If it was the "Big Boys" grand scheme to manipulate prices higher after coercing them lower, shouldn't they now want more relaxed margining restrictions so they and everyone could bid the market higher and we could all get rich again?
More likely the new rule is a result of millions of crybabies who got talked into margining to the hilt and trading excessively by their brokers, friends and "advisers." They lost their shirts, and no doubt the SEC is hearing it from them. Frankly, if you don't have $25,000 you probably should not be day trading, but I don't believe the Govt. should tell people how they can use their money. But understand all these new regulations are a result of people complaining to the SEC, not some scheme by the Financial Trilateral Commission that you seem to think exists.
And we do need some relaxation in the short sale rule, primarily to allow the markets to operate more smoothly on the institutional side; repos, derivatives etc..
Lets face it, complaining about the short sale rule is not going to help anybody make any money? How about a good stock tip for a change... I'm looking at a communications company with over $230 million in sales and a market cap of less than $10 million, it will either go bankrupt or be a 10 bagger. May buy some tomorrow in fact. |
