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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It? -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (292)	5/24/2002 1:18:36 PM
From: Dave Gore	Read Replies (1) \| Respond to of 589

One more thing that I should have covered. I do agree with you that some investors whine too much. Daytraders in particular tend to make buy/sell decisions that are emotional and unwise and then blame everyone but themselves. But even they deserve as fair a market as we can all help create, don't they? And again, the huge number of people that work every day in the real world and leave their 401K in the hands of Fund Managers, deserve as fair a market as possible, as well. So, we're not talking about a small subset at all. The problem of manipulation in the Markets arises because some people, which I call "Power Players" are in a position of advantage. They can be specialists or Hedge Fund managers or analysts, for instance. If it were a level playing field, I would have more sympathy for your side. I think that government agencies have proven that they can help make things better, as I outlined in my last post. That's in fact where part of our taxes go. Even though they are far from perfect, the SEC and politicians and the media are the best we have. I don't look at them as legistating ethical behavior, as I believe you stated. Heck, people will still break laws. But common sense regulations will certainly stop some manipulation ... and that's a good thing. Do you totally disagree with that "big picture" statement?