Melodramatic? Maybe. But this
ban on short selling is the beginning
of the end of the Financial Markets.
How can you have a Market if you
ban short selling? Anyone believes
the markets will jump for joy and
go up in a straight line and we attain
a state of Nirvana? No.
This 1000-point rally will evaporate and
the markets will sink as soon as the sane
among us realize this is a huge con game
played by those who want to apply bandaid
solutions to problem that requires far more
than stopping short sales.
I am tempted to characterize this acton as
unAmercan but I see the wimps in Europe are
playing along.
This rule will be reversed in a month or two. They
will be forced to revert to pre-September 18.
ban on short selling is the beginning
of the end of the Financial Markets.
How can you have a Market if you
ban short selling? Anyone believes
the markets will jump for joy and
go up in a straight line and we attain
a state of Nirvana? No.
This 1000-point rally will evaporate and
the markets will sink as soon as the sane
among us realize this is a huge con game
played by those who want to apply bandaid
solutions to problem that requires far more
than stopping short sales.
I am tempted to characterize this acton as
unAmercan but I see the wimps in Europe are
playing along.
This rule will be reversed in a month or two. They
will be forced to revert to pre-September 18.