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Agreed. But if retail investors are allowed to plow money into the stock market, then regulators need to understand it. Which I'm not sure is the case/is entire
by roymurdock 11y ago
Agreed. But if retail investors are allowed to plow money into the stock market, then regulators need to understand it. Which I'm not sure is the case/is entirely possible with the complexity of modern finance.
The average consumer doesn't need to know anything about the drugs she takes. She just needs to know that the drugs are FDA approved and that she can trust the FDA.
I guess it comes down to how much you trust the SEC, FINRA, NYSE, etc. to stabilize and support markets. I have no idea if they're doing a good job or not. Any thoughts?
- __d 11y agoThere are opinions on both sides. Some are quite insistent that the SEC etc are not doing enough: eg. Themis, Nanex, most of the ZeroHedge crowd. I think the "SEC is doing fine" crowd is less noisy, but probably the majority. Of course, opinions can be influenced by whether the management of the markets is to your financial benefit, and perhaps that's why there seem to be a more people saying nothing: they're heads down, quietly making a fortune ... It's worth noting (again) that the LULD circuit breakers were introduced after the 2010 flash crash, as an attempt by the regulators to "stabilize and support" markets. In some previous events, I think they've worked better than they did on Monday.