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Time Not for a Bailout, But for Nationalization

Brad Delong writes, in part, "John McCain and the House Republicans have blown up the Paulson-Dodd-Frank compromise...."

Oh my, Mr. Delong, you are a partisan leftist socialist, yes?

Rather clear your thinking is tainted by partisan concerns rather than concern for our American peoples. This economic crisis is a national issue, is a global issue, yet you are sitting there thinking leftist socialism.

I am a registered democrat. I am voting John and Sarah because I think clearly and because I am partial to good common sense. I do not make decisions based upon political party affiliation rather I make decisions based upon what I believe will be best for all peoples.

You disqualify yourself as a commentator upon playing party politics when this comes to issues which both effect and affect all peoples.

Mr. Delong continues, “Let's decide between bailout and nationalization.”

Bailout, this is to reward Wall Street criminals for their financial crimes against America.

Nationalization, is not this a tactic of Banana Republic despots?

Best option is the “Do Nothing” option. Wall Street should be allowed to collapse. Our economy and our global economy should be allowed to collapse. We need a repeat of the Great Depression to cull the flock. America and our world need to be rid of Wall Street types and be rid of peoples who refuse to live a lifestyle within their means. Wall Street is not solely responsible; our politicians and our peoples are equally responsible.

Yes, I am advocating economic collapse leading to loss of jobs, loss of homes, families ending up on welfare, maybe homeless and on the streets. This breaks my heart because of innocent children who will be victimized by adults who made bad decisions and gave over to greed.

If I could protect children of our world, I would financially nuke our world.

All in our family were born to poverty on a rural Oklahoma farm, many decades back. We were born ignorant, could not attend school, never enjoyed money, literally, then we set about working our fingers to the bone to attain financial security. Yes, this economic crisis has reduced our family wealth quite significantly. Nonetheless, we are very comfortable; we enjoyed sense enough over the decades to stash away cash for rainy days. We have no debt, no credit card debt, no mortgages on our home nor our income properties. No debt at all. Reason for this is our family made a point to do without, to sacrifice, to work hard, to move ahead in life by living well within our means and ways; we hold ourselves financially responsible.

Why should our family bailout Wall Street and Americans who are financially irresponsible?

Let the chips fall where they may. Our world needs culling.

Pity the children of our world, though. This hurts me deeply.

These leftist socialist bailout and nationalization notions will prove an albatross around the necks of hard working honest peoples who did not contribute to our current economic crisis.

Survival of the Fittest is Mother Nature’s way. This is precisely what we need.

No bailout, no nationalization. We need to cull this diseased chicken flock we call America and call, our world.

Okpulot Taha
Choctaw Nation

Changing of the Short Uptick Rule: Bad Timing for a Bad Idea

Ticker Sense writes, in part,

"Since large amounts of capital are required to play this high-stakes game, many players have been driven out of the market."


This is much needed. My personal guesstimate is one-third or more of stock traders need to be removed from our stock markets. Today, our stock markets are plagued by naive gullible online traders who simply are not qualified to trade stocks.

Since the advent of online trading, our markets have become more volatile than what your charts display but over longer terms. Typically, there are gradual upward price swings in any given stock followed by a dramatic one to three day crash of share prices. These gradual ramp up movements in share prices, followed by a near vertical chart crash in share prices, are caused by emotional online traders who truly believe they can become rich overnight. These are people who know little about stock market dynamics, who do not perform good research, who buy and sell based only on speculation generated solely by positive hype or negative hype. These are online traders whose trading activities are guided by talking heads and hyped up news releases from companies.

Today’s online traders, a majority, have no business trading stocks. These people serve only as a source of profits for scam artists and savvy seasoned traders. There seems to be an endless supply of online traders, which I like, but this is not good for market stability.

Removal of the uptick rule is beneficial. A greater ability to short leads to better moderation of fabricated upward runs in share prices of a given stock. Yes, there is an increase in volatility of stock prices but this is not detrimental for talented stock traders who perform good research, who well track the markets and who make prudent trading decisions.

Removal of the uptick rule will eventually lead to better stability in the markets through removal of unqualified stock traders by means of their loss of capital.

You comment about a need for “...large amounts of capital are required....” to engage in effective stock trading. This is highly beneficial. A golden rule is “Never invest more than you can afford to lose.” A very common mistake made by naive online traders is entering the stock markets with a relatively low amount of capital. This is a reflection of poor money management. Far too many online traders are risking money they cannot afford to lose. Capital used for playing stocks should only be truly excess money which well exceeds what is needed for a comfortable family budget. Other words, money which can be thrown away without causing family financial harm.

Being successful at stock trading requires periodically losing money while earning profits which exceed the amount of money lost. There are none who are active traders who earn only profits. Success is only earned by having a large amount of capital to cushion losses while growing capital through profits. Most online traders do have not sense enough to maintain a loss cushion.

These naive and gullible online traders, who could not be bothered with performing good research, would be better off contributing a monthly amount of money to a guided investment vehicle such as a traditional mutual fund. These are people who cannot successfully manage their money and need to give over control of their money to reputable professionals.

Successful stock trading requires a cold, calculating and cutthroat attitude. Earning consistent profits in the stock markets is a full time and half job. A large majority of today’s online traders simply do not have available time needed to be successful traders nor have needed excess capital to place at risk. Not only do naive online traders not have time nor have excess money to play the stock markets, they also are not willing to invest in the hard work needed to be successful traders.

I am enjoying this increase in volatility through removal of the uptick rule and through emotional panic caused by failure in the financial sector; my profit margins have increased by an amount equal to this increase in market volatility. However, I am one of those few who are willing to work really hard at being a successful stock trader.

During my rural Oklahoma farming childhood, I learned to keep a flock of chickens healthy, you must periodically cull out unhealthy chickens. There is a need to cull out unhealthy traders from our stock markets to keep our economy healthy.


Okpulot Taha
Choctaw Nation