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View Diary: End frustration & actually change the political landscape: concrete proposal re ALEC & the Koch bros (40 comments)

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  •  Yep. That's why insider trading is outlawed (1+ / 0-)
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    hoplite9

    It gives an information advantage and, most economists argue, distorts the market (or destroys the market, depending on the economist).  Supposedly the more rational investor is the one most attuned to the information, or who has the best means to analyze the information and take action on it.  Key is making sure that everyone has access to the same information at the same time.  However, behavioral finance and evolutionary economics dispute the equal information-perfect market-rational investor relationship.  Certainly history and factual analysis of actual markets show many purchases and investments are made not based on information, per se.  People buy either stocks or products based on trends or fads, fear and greed, "tips" and/or following what somebody who seems successful or knowledgeable is doing.  There are fashions in investing like there are fashions on the catwalk, and they seem to change for the same reason in both places (and that reason would be?--fashions change because fashions change).

    America needs a UNION NEWS channel. We (unions) have the money, we have the talent. Don't buy 30 second time slots on corporate media, union leaders; fund your own cable news channel and tell the real story 24/7/365

    by monkeybrainpolitics on Thu Dec 13, 2012 at 01:44:39 PM PST

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