He mentions that regulation could come back, regulation has typically lagged the market. If we do get some regulation such as uptick rule and doing away with HFT, we could see the public confidence come back. This alone could be the next leg up in my 20 year bull market thesis. Remember, Mr. Market is and will always be a discounting machine. It is looking ahead.
What about the 3X leveraged ETF's that pull down entire groups of stocks!
Then no hedge fund transparency!
Naked shorts, Dark Pools, Clients fleecing!
If the No Up Tic rule does not matter! Why do the banks want to keep it out? If it does not matter put it back and we shall see! Oh and abolish leveraged ETF's > they are just hedging pos. LOL.... Ya and Santa is painting his slay