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sck - the one thing you seem to fail to take into account is the human factor. The root of the phrase "irrational exuberance". Those who seek wealth will often go where angels fear to tread, simply because they think that they will be the one to come out on top.
Any investment, not tied to a guaranteed return, such as a 18 month CD for example, is a crap shoot. Where there is no risk of loss, there is no risk of gain beyond a certain level which is generally way below what people want. Playing the market is just another form of gambling.
The only regulation that should be in place is that which stops fraudulent dealing. But along with that should also be the explicit warning that you proceed at your own risk. Be it an individual, or a corporate entity. No bailouts, no rescues. There are "safe", low-yield investments if you want guarantees, or you can gamble on hitting the jackpot.
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On a further note, is anyone aware of how much of the "losses" we hear about are of principle, rather than earnings?
__________________
John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
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