Even a casual glance at the financial page of almost any daily newspaper will at once bring forcefully to the attention of the reader the fact that the inflationary trend now being experienced by the commodity, real estate, and labor markets is likewise a factor in the securities market. A tremendous increase in the market prices of many securities has recently been experienced. A large number are at or near all-time highs. Likewise, the volume of trading is almost without precedent in the annals of the securities business.
Franklyn S. Judson & Frank D. Emerson,
THE EFFECT OF REGULATION T ON CASH TRANSACTIONS IN SECURITIES,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol44/iss6/5