Subject: File No. S7-08-09
From: Nancy A. French, CPA

May 4, 2009

I would recommend that a permanent ruling would create more stable markets and prevent market manipulation. I have become suspect that there are large pools of money deliberately causing prices to fall to profit from the downside. Of couse, it is a way to hedge your bets on market prices but this is much more then that. The average investor (me) look in amazement as a stock crashes down only to see that it was more hype then reality. I believe that if we do not make a permanent control we will see this over and over again creating volatility that is based upon fear rather then fact.

Nancy French