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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (72576)	3/18/2001 1:22:55 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 99985

People can speculate all they want. Just let them do it with their own money. You honestly believe believe cutting back on margin available would have no effect in dampening speculation? The exchanges use this rationale to keep the casino open. Why did they bother to increase available margin to daytraders to 4x capital just a couple weeks ago? The problem I have with allowing people to speculate on margin is that it affects me as an investor when people are buying stocks they have no business owning on credit and then they get liquidated. I get to pay the price for the irresponsible speculation of others. A similar analogy can be made to crime. No matter how many laws we pass people are going to engage in criminal activity. Does it mean we should just eliminate the laws to curb it? M.