Quote from HedgefundTrader2:
Institute the uptick rule. Its these shameless cockroaches that have abused the hell out of it and robbed American wealth across the board.
Explain how the uptick rule would have protected the entire market from a sell-off reaction to the gross irresponsibility of the financial sector's endangerment of the entire economy.
Explain how the uptick rule would have prevented share owners from selling off stock of a screwed up company like Bear Stearns.
Explain how the uptick rule would increase the value of a company like Bear Stearns.
The current price of an individual stock or the entire stock market will always be near the averaged perceived value of all investors regardless of all the buying, selling, shorting, upticking or no upticking.
If reasonable or emotional selling causes price to fall below what it is actually worth, price will return eventually.
If one can't handle the natural volatility nor wait for price to return to the norm, be a real man and put your money in a stress-free savings account or actually do some real investing long term by buying an ETF and ignore the ups and downs and wait until retirement.
Another thing, I have no need for the removal of the uptick rule, but I understand the interference of the free market and the uselessness of it being reinstated.
