I am more in the "passive investing camp". Very few of the "wild swings" this year have been accompanied by more than average volumes. Even Friday when the S&P experienced it's "Death Cross" a major event for traders did you see volume spike. The "uptick rule" is not of major consequence as we traders can buy a "leveraged short index ie SDS" to get around this and instantly short the S&P. I have been "impacted" by circuit breakers on several occasions most notably Oct 1987, but believe they have a place. Most people don't know this but on Thurs morning the circuit breakers on the futures market in Chicago were triggered multiple times.
As this forum is mostly a buy and hold mutual fund crowd, I do not understand why it is of any concern. Personally, I prefer to watch a "tick chart" over Netflix and this year has provided me with many opportunities to make money and countless hours of "free" entertainment!
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