Not exact matches
It is illegal to trade based on inside information (information not
know by other
market participants); you can go to jail for doing so (remember Martha Stewart?).
Since the composition of an ETF's portfolios is
known daily, an actively managed exchange - traded fund's strategy would be exposed and would be gamed
by other
market participants.
The
market doesn't care how big your account is, what your experience level is, education level, intelligence level or anything else, that means it's «generally» fair for all
participants (yes I
know HFT's and large banks don't play
by the same rules).
Since the
markets are truly driven
by Mr.
Market, we as
participants can never truly
know WHAT is going to happen, so I've learned that I have to be «adaptive» and simply say or agree that if a trade is NOT reacting according to my plan then I simply «REALIGN».
By contrast, in a shallow and illiquid
market, or in a
market in which large quantities of the deliverable asset have been deliberately withheld from
market participants (an illegal action
known as cornering the
market), the
market clearing price for the futures may still represent the balance between supply and demand but the relationship between this price and the expected future price of the asset can break down.
If that blogger frequently receives products from manufacturers because he or she is
known to have wide readership within a particular demographic group that is the manufacturers» target
market, the blogger's statements are likely to be deemed to be «endorsements,» as are postings
by participants in network
marketing programs.