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Wednesday, August 22, 2012

oftwominds-Charles Hugh Smith: The Stock Market Is an "Attractive Nuisance" and Should Be Closed

oftwominds-Charles Hugh Smith: The Stock Market Is an "Attractive Nuisance" and Should Be Closed

In tort law, an attractive nuisance is any potentially hazardous object or condition that is likely to attract the naive and unwary, i.e. children.
A classic example is an abandoned swimming pool half-filled with fetid water.
Since many stock market investors are demonstrably naive about the risks and unwary of the dangers posed by the stock market (the proof of this is that they remain invested in the market), it is but a slight extrapolation of the attractive nuisance doctrine to declare the stock market is clearly an “attractive nuisance” and should be closed immediately.

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