ZeroHedge.com (10 Nov 09)
- The decline in the number of U.S. listed companies has cost our economy millions of potential jobs.
- Market structure changes began to erode support for small cap stocks and eventually worked their way up to damage the support for larger companies.
- The results of low transaction-cost Casino Capitalism are that short-term, high-frequency traders are squeezing out long-term investors, the listed market for public companies is in decline, and this decline is taking the U.S. economy with it.
- The small and micro cap markets have in many ways become a Hotel California – companies check in but they can’t check out by going private (except through delisting, bankruptcy or acquisition).
- The need for improved stock markets has never been greater. Bridging the widening gap between small cap and large cap issuer needs should be a national imperative
