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One aspect of a free market is that its up to you to decide whom to do business with. Free market applies to every market participant equally. Your privilege i
by wayn3 10y ago
One aspect of a free market is that its up to you to decide whom to do business with.
Free market applies to every market participant equally. Your privilege is the counterparties obligation. Do you believe other market participants should be forced to buy your stock while the stock is obviously crashing just so you can get a favorable outcome?
And because you seem to be clouded by little man nerdrage: The stock market doesn't temporarily shut trading down to keep smalltime hobby gamblers out. They do this to prevent institutional investors from unloading in a hurry which would send macro signals that may signal that one market participant knows more than the others ("insider trading") which would then kick off an avalanche of tag-alongs who believe they have to sell as well, eventually moving the needle on the entire economy which would then cost the suckers who you are so desperately fighting for to lose their jobs. do you want that? good.
Google black friday if you want to know why. it is not done to sucker 2k live savings gamblers out of their money.
- cmdrfred 10y ago"Do you believe other market participants should be forced to buy your stock while the stock is obviously crashing just so you can get a favorable outcome?" A free market creates all kinds of poor outcomes for example. Me:Do you think that American consumers should have to buy their lifesaving drugs at a few thousand percent markup from a company that manipulated the FDA in order to obtain a monopoly on a 100 year old drug? http://m.motherjones.com/kevin-drum/2013/10/heres-why-your-asthma-inhaler-costs-so-damn-much http://m.motherjones.com/kevin-drum/2013/10/heres-why-your-a... Wall Street: Yes, free market. Later that day... Me: This stock is falling I want to sell. Wall Street: Nope. Market protections kicked in you see.
- wayn3 10y agoLooks like the one-article-evidence is habitual. I'd get that checked. If you can afford the pills. I'm withdrawing from this conversation.