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The stock market should be a free market. It shouldn’t be relied upon as a bank account for granny’s retirement plan. The whole point of a market is to communicate large amounts of information summarized as signals. If you suppress people from adding their input to the signal you end up with biased data. The whole thing about “pattern day trading” and “oh the market is closed now because the price is going too crazy” goes directly against the intent and purpose of a free market: to readily communicate information quickly.

Now there should probably be some sort of restrictions on insider trading, but I even question the merit of that, as insider trading can still add price signals and communicate that something is changing with the value of the good in question.

We as a society have got to stop making concessions to whiney losers. It’s one of the main issues that I believe is causing the decline of Western Society. We pander and do backflips to make sure that [disadvantaged whiney loser] doesn’t feel too bad about losing. It’s self destructive and has to stop.

A blackout is to prevent rigging.