Hedge Funds Always Win

That's why I feel we should just nationalize the exchanges and get rid of all of the clearinghouses. Everybody trades directly with everyone else over exchanges that are backed by the government. That's it. Brokerages or clearinghouses should be just back-office recordkeepers but with no financial involvement.

Right now, the clearinghouses are taking our fees but not doing anything in settling the accounts. Brokerages still need to pay in advance to the clearinghouses as "collateral" for compensation of "risk". What about the fees that we pay? WHY should we pay them and let them make all the decisions when they are not going to do anything when there is a bit of "risk"? We should just trade freely with each other via one or several central exchanges and if there is any shortfall, the government will just step in and foot the bill. When s*** hits the fan, it's the government that steps in and foot the bill anyway. So instead of having them bail out all those companies, why don't we let the government settle the accounts in the first place. So much easier and more efficient and straight forward this way.

 

Message effect! His selling might not necessarily impact the market but everybody selling seeing he's sold will.

 

How many shares were traded at the peak? How many shares were sold at that peak? How many of those shares had HIS NAME ATTACHED TO THEM?

OMG!

 

@JSOP You need pie.

 

I believe He is saying that DFV held because his selling (once made public) would cause every retail monkey on the planet to simultaneously dump their shares and cause a much more rapid crash in price...not that his shares alone would move the market in any type of dramatic fashion.

 

especially coupled with severely restricted buying at the same time. Thank you @zghorner.

 

So he sells, and not post the fact that he sells? And then everything goes along as it should. It seems that the world is looking for his shares to be tagged, and when HIS 100K shares go, OMG, then the entire world must sell, sell, sell!

 

Welcome to Social Media of the 21st century!

 

But that's not the way the world works! If he just keeps his mouth shut and never says he has sold, then nobody is the wiser! It's just 100K shares, which have no ownership tag!

 

People can figure out and people can talk. If all of sudden people see large blocks showing up on the T&S...