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I have no problem with individuals or fiduciaries investing on short time horizons because they believe they understand something fundamental the next guy doesn
by drewcon 6y ago
I have no problem with individuals or fiduciaries investing on short time horizons because they believe they understand something fundamental the next guy doesn't. But mass coordinated speculation isn't that; it's using a mob to affect the underlying system for profit -underlying equity be damned.
And for all those that say "well Wall St has been doing that for years"...fine, let's address that too. Financial regulations are essentially a history lesson of past failure we've tried to correct. Let's be consistent.