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Anyone else think they'll suspend mark 2 market to force a bounce?
- Thread starter gangof4
- Start date
Good possibility.....the other arrow left is to bring back the uptick rule.
As long as I know the market tanked most last year when they prohibited naked short selling. The uptick may not be the answer. Many short sellers are scalper and buy back their shares intraday, therefore creating liquidity.
Quote from blackbook:
which i have no idea why it was ever removed to begin with.
I'll bet lobbying from the hedge funds had something to do with it! So they could profit at the expense of the rest of America's retirement accounts.
The other complete screw-up by the SEC was the lack of enforcement of the law against naked shorting.
Quote from total_keops:
As long as I know the market tanked most last year when they prohibited naked short selling. The uptick may not be the answer. Many short sellers are scalper and buy back their shares intraday, therefore creating liquidity.
yeah, i don't see the uptick making a difference. in fact, i think it would backfire if it was used alone right now. 'THEY' would be like, 'that's all you've got', and it would prolly sell off.
i see M2M as the only 'sure thing' that would be easy and not mean another x trillion $'s (not that the trillions have worked either- funny how a trillion in 'ginned up' pork didn't work. duh.).
Quote from sandygray66:
I'll bet lobbying from the hedge funds had something to do with it! So they could profit at the expense of the rest of America's retirement accounts.
The other complete screw-up by the SEC was the lack of enforcement of the law against naked shorting.
Short selling didn't cause this.
If they suspend M2M, that will just put more unknowns into the mix. The last thing this market needs. Might as well do just like Japan did. It's time for the govt to let some of these banks go under, at least then investors would know who is likely to survive. Maybe they sell off the good assets and "buy" the bad. The way they are going now is going to bring the whole industry down. This 'drip-drip" policy is not working.