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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: engineer who wrote (80384)	9/17/2008 2:23:38 PM
From: Art Bechhoefer	4 Recommendations Read Replies (1) \| Respond to of 197207

. . . they left the uptick rule unchanged You're absolutely right. They could also have taken Warren Buffett's advice and imposed an antispeculation tax on short term trades, amounting perhaps as much as 25% additional tax on positions closed out in less than a week and 10% for those closed out in less than a month. And the Federal Reserve, ever since Greenspan, has declined to use its authority to adjust margin rates to prevent speculation in markets (up or down). Similarly, the commodities regulators have never thought about changing the almost no money down rules on futures trades. It's still a place where larger investors, including those able to make after hour trades, have an advantage over smaller investors, thereby violating one of the essential conditions for a truly free market. Art