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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?


To: Michael Collings who wrote (3071)2/26/2000 7:01:00 PM
From: RockyBalboa  Respond to of 3339
 
You are wrong on each of your points.

As a condition of being a specialist, he must make a market.

No and no! If he sees no other outcome than closing the book for reason of order imbalance then you have no access to the market at all. With that argument he is free to delay the trading - indefinitely if he wishes.

For the Nasdaq Market argument Barb's argument is not inferior to yours.

Besides that, why do you want to awake sleeping dogs?'You seek to paint a liquidity crisis when there is none.