In the financial markets, good news often leads to a cycle of assumption that the good news is permanent while bad news is ignored, denied, and then panicked over. However, a recent "print" in unemployment is causing some optimism in the market.
The Chairman of the Securities and Exchange Commission, Gary Gensler, addresses the lack of accountability for lawmakers involved in insider trading, while stressing that the SEC is actively prosecuting those who engage in trading on material, non-public information. He also mentions the use of disgorgement to force firms or individuals to give up profits made from illegal activities in the financial markets.
The pessimistic perspective in a bear market and the optimistic outlook in a bull market.Most popular references lean toward being pessimistic when things take a downturn.
The speaker talks about the controversy surrounding academic theories on financial markets in the early 90s, and the skepticism of some people towards them.
