Comment: Review by: Dana Porter

Jonathan Sprissler Ms. Caruso ENGL 1103 15 February 2012 The Stock Market: (catchy phrase here) The Stock market has not only been the staple of American economic growth in the past, but it also has caused us to take a few steps back as well. From scandals such as Bernie Madoffs Ponzi scheme, to the changing laws and rules of the market, even to the globalization the market has undergone, the market still at its core is the same as it has been for so many years. While it may essentially be the same stock market, what have the changes and events over the years done to hinder or grow the market as a whole? Scandals such as the one Bernie Madoff orchestrated for decades have definitely created a stigma about the Stock Market that is nearly impossible to completely wash away. Many people wonder how Madoff got away with what he did for so long and only got caught recently. what you will see right away is that at least eight different investigations into the company took place over the course of time that Madoff claims he was actually involved in the illegal activities (Kapshock, How it Worked). As Kapshock presented Madoffs companies had been under investigation many times before he was finally caught, but the authorities never felt they had enough information to make an arrest and get a conviction. Everyone wants to make Bernie Madoff out to be an evil and horrible person who just robbed others of their hard earned cash. Madoff actually worked hard to start up his once very prosperous and legitimate business. He
Comment: I dont really feel this is needed. Comment: WC: boost? Also I think you should add a sentence at the end of the opening paragraph. Ending it with a question interrupts the flow of the paper.

used $5,000 earned from a lifeguarding job to found his investment company (Bernard, paragraph 1). In case you were unaware of what a Ponzi scheme actually is here are the baics. Essentially what Madoff did is he took the investment of one person plus money from another persons investment and made it seem as though the investment made big money in the market. For many obvious reasons this wouldnt be able to last forever, because eventually everyone is going to want their money and you wont have enough to pay everyone. Thanks to people like Madoff there will always be a stigma surrounding the stock market. With the economy changing, the stock market follows suit. It is no surprise that while the number of American based companies is decreasing in the market the number of Indian and Chinese based companies are on the rise. One primary reason for this is that countries like China and India have not been fully devoted to industrialization for the past century like America and Germany have been. While the old guard is stilling trying to change its monetary focus from industrial companies to those based upon new-age technology. The new guard is already investing in such companies. Not to say that America isnt heavily invested in tech companies, but China and India are equivalent to what America was in the early 1900s, fresh to the big scene with resources to spend. Since the success of tech companies like IBM, Apple, and Microsoft the focus of investment has changed from steel to cell phones. Since they are newer to the investment scene China and India can invest heavily in companies that need a lot of startup capital, while America has a debt to deal with as well as the failures of staying in the industrial game too long. Being able to offer companies cheaper workers and less government regulations defiantly has not hurt China and India grow. Laws and codes are what prevent chaos, and in a place as hectic as the stock market many written and unwritten rules are in place to keep anarchy at bay. Laws such as the Securities Act
Comment: Definitely? (just because spell check didnt catch it.)

of 1933, which essentially made it so investors were not investing blindly. Information regarding the companies financial status were to be made public so that investors could act accordingly. Basically, the government wanted to prevent another Black Tuesday. In 1934 the Securities Exchange Act created the SEC (Securities Exchange Commission) which now polices the stock market and other financial entities. With both pieces of legislation in place Franklin Delano Roosevelt created safety nets so that the nation would not fall upon such hard times yet again due to the stock market. Throughout the years the market has faltered and Presidents have responded by passing acts that would stop such falters from occurring again. President George W. Bush and President Barak Obama both have signed legislation doing so during their terms. What causes such instability in the market? Volatility is a word that usually strikes fear into the hearts of investors (Panzner, 21). In its simplest form volatility deals with whether or not the stock will be profitable. With everyone who works the market worried about making the highest margin on each and every transaction the hysteria sets in and rash decisions are made. Luckily the damage done by such temperamental buying and selling can be controlled to an extent by the government thanks to the laws set in place by FDR.
Comment: I think you have a really good start here. I got a little confused at some points I had to look back to the opening paragraph to see what the point of your paper was. You said that the stock market at its core is the same but it has had some setbacks and also some growth. In your paper your body paragraphs you talked about the fluctuations but you didnt mention how its the same. I dont know if thats what youre getting at but just dont forget to add that part in as well. There was also some spelling and stuff that spell check caught that wasnt worth putting a bubble up for but other than that, good job. Comment: Barack (just because spell check didnt catch it)