Replies to post #29698 on A.I.M. Users Bulletin Board (AIMUSERS)

[The Grabber]

Re: Government impact on the markets.

Hi. I know you asked Tom, but FWIW it seems to me that what the government does or signals that it will do raises uncertainty and therefore volatility. Just look at this week!

[OldAIMGuy]

Hi I, Re: Market Stability and Govt. interference in private business..........

Well, removing the Up-Tick Rule in 2007 certainly was "government" action. I'd say that was not only a stupid mistake, but one that has cost many an investor a very large amount of his/her net worth in the last 6 months. It would have taken a very large cash reserve to have held off the BEARS for all of that time.

However, that's just SEC, not private enterprise involvement.

Should we continue down the slippery slope toward "nationalized" everything, I guess we'll all be Gummint employees eventually. There probably won't be a stock exchange then until after the next revolutionary war. It's probably best to get a job working for the IRS. Great job security.

Seriously, if private enterprise wants and can buy itself free from Uncle Sam's embrace, they'll do so. Nobody likes a monkey on their back and Gummint is one big bunch of monkeys.

Best regards, Tom