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What if? What would you do? |
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Saturday, 07 June 2008 |
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Posted by osorico in the Index Futures forum:
What would you do if futures accounts become "regulated" based on the purpose of the account, irrespective of instruments traded? Just imagine a new set of regulations for "speculation" accounts, applied across the board to 4 and 5 digit accounts in addition to 7 and 8 digit accounts, regardless of instruments traded. For the sentiment, just read the news. Unintended consequences to the wind. This quote from Tulsa dated today says it all...
"This thing is totally out of control," he said. "It is not being driven by supply and demand. It's being driven by greedy speculator bastards."
http://www.tulsaworld.com/business/article.aspx?articleID=20080607_49_A1_hThenu610040 Scary thought.
Osorico
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