Viewpoints Channel

Expect Steelers Win, But Traders Say 'Take the Points'

A Traders Magazine poll on Super Bowl XLIII reports that 58 percent think the Pittsburgh Steelers (14-4) will defeat the Arizona Cardinals (12-7) in Tampa, Fla. on Sunday. The poll conducted yesterday allowed participants to not only pick the winner, but also to select the number of points that will separate the two teams--the spread.

Why the SEC Has Failed

The Declaration of Independence, believed to be mainly the work of Thomas Jefferson, states that governments "derive their just powers from the consent of the governed." Strange as it seems, the political reality expressed by this famous document also explains why the SEC and other administrative agencies have failed in their mission.

The SROs and Due Process

As discussed in prior articles, the constitutional legitimacy of the SEC and other independent administrative agencies depends in large part on the "due process" of their actions.

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Seven Signs for 2010

The market closed the books on 2009 in early November, but predictions for the new year trade on a calendar basis. Below are ours for the market structure landscape.

What's in a Name?

The poor pigs. Last April 29, the government of Egypt ordered the immediate slaughter of every pig in the nation. The reason: an unfortunate name.

Right Here, Right Now

An editor's dream at any trade publication is to have a breaking story of national importance in its field, particularly if it is a complex one. As editor of Traders Magazine, it's been gratifying this year to see stories covered at major news outlets that had already appeared here first.

Unfair at Any Speed

We are all bad guys. After reading the opinion pages in The New York Times over the past few weeks, I have been forced to confront the sad truth: that trading profitably is a morally questionable enterprise that is damaging to society.

Death and Taxes

Benjamin Franklin famously said that only two things in life were certain: death and taxes. If a congressman from Oregon gets his way, our industry would swiftly be handed both.

New Barbarians at the Gate

Traders enjoy complaining about regulation and are justified in doing so. There is hardly any action that a trader can take during the day, no matter how basic, that is not the subject of some regulation. And, with every regulation, there is a cost.

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Articles from this Site

• Expect Steelers Win, But Traders Say 'Take the Points'
• Why the SEC Has Failed
• The SROs and Due Process
• NBA Insider: The Strange Case of Mark Cuban
• Once Bitten, Twice Shy: Losing Faith In U.S. Equity Markets
• More Articles from this Site