carey_jim

Is a Ban on Short Financial ETFs on the Horizon?

It is more accurate to describe The Powers That Be as the American plutocracy and not 'eggheads.'
It's only under socialism that eggheads are in control.

The plutocrats view alpha traders as upstart crows who are using their intelligence along with available financial instruments to leverage economic trends into profits.

You said, "Imagine the police coming to your house and asking you about the blood, hair clothing and bike parts imbedded in the grill of your Cadillac and you say "I hit the bicyclist drinking and driving, but I consider that a 'legacy' accident and I'm moving past it." [Legal disclaim: Do not offer that excuse if you are in that situation]"

The financial institutions have the blood and guts of America all over their metaphorical Cadillac grills and their egghead lawyers, who we all know so well from the movies, are coming to their rescue.

Alpha traders see this carnage as an opportunity for profit. They think of it as a true fire sale: everything (really) MUST go.

The Chinese, OPEC and the Russians are not the new owners of the United States. But you got one thing right:

"Meet the new boss, same as the old boss."