Responsibilities of Stock Exchanges

Goh Eng Yeow wrote an article in the ST on 6 Dec expressing concern on the role of high speed trading and the interests of small traders. High speed trading as an instrument used by big funds to take advantage of sophisticated computer technology is giving the funds an unfair advantage against the small traders. With the aid of high speed computers, the fund is able to tap into the system to know the queues of buy and sell and more, and could then come to a quick decision to buy and sell to its favour. When funds are trading in a big way, high volume and high speed, against the small investors or the rest of the investors, the losers are obvious. What then is the position of the stock exchanges on this new development? There are some fundamental responsibilities and roles which the stock exchanges are governed by its own regulations to uphold and to protect investors. Among these are: 1. Provide a level playing field. With the participation of high speed trading, is the playing field level? Is there an unfair advantage in favour of high speed traders? 2. Churning is against the regulations of stock exchanges. 3. Buying and selling without change of ownership is a violation of stock exchange regulations. 4. Buying and selling and creating a false market through such actions is also a violation of stock exchange regulations. 5. Is the trading of big funds transparent to the small investors when transparency is a hallmark of a proper stock exchange? How could stock exchanges protect the interests of investors and maintain the integrity of the system without compromising on its own regulatory role with the introduction of high speed trading? Is there a problem here?

Julian Assange for Nobel Peace Prize

No other man deserves the Nobel Peace Prize more than Julian Assange. He took on the world’s most belligerent country in modern history, to stop it from waging more wars around the world. He tries to stop the Evil Empire from pulling wools over the eyes of Americans and peoples of the world on its war crimes. He stood up for investigative reporting, press freedom and freedom of expression. For these noble objectives he is now hounded down and arrested on drum up charges like rape. He is now the number one enemy of the Evil Empire, and he fought alone with a handful of loyal and dedicated staff. While he is being ostracized and criminalized, the biggest criminal against humanity is awarded the Nobel Peace Price for trying to start more wars while continuing to commit more troops to on going wars. The Nobel Peace Prize Committee is rightly called a Committee of Clowns for awarding the respectable Peace Prize to an undeserving candidate while the most deserving is left in the lurch.

The pathetic Asians

After a few centuries of colonization and manipulations by the West, I thought Asians would have wise up and stop fighting and killing each other. I thought Chinese would not fight Chinese, Koreans would not fight Koreans, Vietnamese would not fight Vietnamese, and in general, Asians would not fight Asians. The sad fact is that Asians would keep being led by the nose by the west, even a woman like Hilary is smart enough to make the Asians hate each other and want to gorge each other’s eyes out. When would Asians stand up and reflect on themselves and think for themselves? When would Asians think of their own interests and stop being manipulated by the West to kill each other? The Americans is starting wars all over Asia but not Europe or North America. Maybe the Asians are truly of lower intellect and can be easily hook winked by the West. Just look the rubbish articles coming out of the West and printed in Asian media like gospel truths. And Asians are supposed to lap it up happily without question. Mahbubani and other Asian thinkers have a lot of work to do to kick the Asian arses and wake them up. Asians can think? Ha! Until today, Asians are dependent on one source of news and logic which they believe are reliable, truthful and accurate, from the West. Bloody silly Asians. They deserve to be colonized once again and to be subjects of western empires. Reading todays’ ST, a new thinker has emerged in the name of Peh Shing Huei. He chastised China for running out of ideas and being a ‘one trick pony’ in the seemingly unsolvable North Korean dilemma. He, like all westerners, took the stance that it was all North Korea’s fault and North Korea is run by an irrational mad man and his son and causing all the problems even China cannot handle. He quoted some Taiwanese as an authority to back up his view. China will do better if the talent of Peh can be harnessed and the North Korean issue will be solved immediately. Peh must have many tricks up his sleeves. Hu JinTao and his comrades are just untalented Chinese leaders that may need a little help from Peh Shing Huei. For the time being, the North Koreans are good enough to be called names like ‘son of a bitch’ by all the western sympathizers and talented reporters. I must change my earlier pronouncement that Asians cannot think. Asians can really think and write articles of great wisdom in the media.

Another motorist complaining of being robbed

A letter to the ST forum complained that the motor insurance is just like day light robbery. No accident, premium still goes up. Got accident, premium goes up higher. So what the hell is happening? What are motorists paying? Protection money? The insurance premium is more than the road tax the motorists are paying. Weren’t some jokers said they were working on this to help the motorists? Who is making all the motor insurance money by the way? The insurance companies claimed that they are losing hundreds of millions. But they would not give up the business. There is a big rat somewhere.

The Americans and South Koreans hell bent on war

They continue to provoke the North Koreans by conducting more war games. And they are complaining that the North Koreans are provocative. And they want China to rein in the North Koreans! The countries that are provocative and need reining in are the Americans and the South Koreans. If they stop their provocation and stop their war games at the border with North Korea, there will be no tension. Here we have the devil calling everyone devil. The best part is that they are going to blame China for the next Korean War. They are not meeting in Washington planning when to start the war. Since the South Koreans are bent on killing the North Koreans, and themselves being killed, and the US and Japan most willing to join in the killing, China should just fold its arms and watch. Let them go merrily to kill each other. China should just say, go ahead, it’s my pleasure. In the meantime China should just tell the world what the Americans are up to.