They just banned short selling in US

Quote from regal_2012:

you have to remember with the flow of information today, and today's technology, everything is lightning quick.A selloff that took weeks to develop before, now takes minutes or an hour at most.Rules need to be changed to fit the times.
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What do you propose we do to prevent people from buying too quickly and driving the price up to overvalued levels?

After all, today the spooz rallied 80 points from 1pm to the close. Looks like manipulation to me, better call in the government and put in trading limits to save us. Gotta change with the times you know.

Plus, believe it or not (yes I know some pols have their own agendas) the SEC et al are doing this to protect John Q Public.
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Betting on the stock market is a high risk business. John Q Public gets involved at his own risk. Will the government save me when I take losses on my trading position?
 
Quote from lolo24ca:

lol... I"m sick of goverment intervention in a free market....If someone would of come to me last summer and tell " oh SEC might ban Short selling" I would telling to go you know what...

Banning short selling...ARE FUCKING KIDDING ME ?? unbelievable
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Market's always full of shit anyway.

Bring on the manufactured rally!

And then we go long SKF when it tops out:p
 
GIMME A FU(%ING BREAK!!!!!!!!!!!!!!!!!!!
GS CRIES FOUL WHEN THEY GET HAMMERED BY THE SAME FOLKS THEY TOOK A STICK TO???????????
utter and complete crap-they are getting what they deserve-they are part of the cause of the whole market decline-they were short in the back room while-SELLING CDO/SIV in the front room last year!!! the wall street journal says they made BILLIONS ON THE WHOLE THING! and they were not done either with the markets i am sure-they have been one of the biggest short accounts in the WHOLE MARKET!
it is a shame that all that money siphoned off of the markets the last few years is going right back to ISRAEL so they Re-build Solomon's temple on the dome of the rock in Jerusalem !!!
this is all a crime!!!!!!!!!!!!!!!!!!!!!!!!!!!
i agree NAKED short selling is wrong-especially the market makers playing games with stock prices-players should determine a stocks price(buyers and sellers) not MM and buyer, MM and seller-everyone needs to see that the MM controls the stock unless there is too much volume-so MM can now manipulate a stock to their whim depending on the parent companies decision on where they want their stock price to go to?????????-how will MM generate money for their firms if there is no volitility???-AAAARRRGHHHHHHHHHHHHHHHH
make em all walk the plank to davey jones locker!
 
As I understand it naked shorting is only doable if faciliteted by a broker. For the brokers to complain now they are on the recieving end would be laughable if it were not so contemptibe. I can do it to you, but you can't do it to me attitude. Run home to Uncle Christopher and Uncle Hank you filthy hypocrites.

For some reason the press is not pointing this out.
 
It's official.

Washington, D.C., Sept. 19, 2008 — The Securities and Exchange Commission, acting in concert with the U.K. Financial Services Authority, today took temporary emergency action to prohibit short selling in financial companies to protect the integrity and quality of the securities market and strengthen investor confidence. The U.K. FSA took similar action yesterday.

http://sec.gov/news/press/2008/2008-211.htm
 
so the hope is that every short seller on the planet will be bankrupt by oct-2 - otherwise i do not know what happens afterwards.....
 
the lunatics have taken over the asylum.

Interesting to see how this ban came in as soon as Goldmans were threatened.

Every sell needs a buyer, why not ban the short buyers!
 
From free market economy to restricted market economy.

What about these massive gains in financials, "these speculators should report their long positions it must be hedge funds colluding because the underlying businesses do not reflect these prices" oh no wait we only do that with selling my mistake.... unless it's a commodity right where naked buying needs to be banned - hmmmmm.......
 
Quote from luckybastard:

Mortgages were sold to people, knowing they would never be able to pay them back. Credits were given, without any questions. Of course, this HAD to go wrong and so it did, banks lost billions of dollars. So how come, the SEC is pointing their fingers at us, the traders, like WE are the bad guys, like WE caused all this mess ?

F*ck, if they had even cared before, when banks were selling mortgages to jobless people, we wouldn't have been in this mess in the first place.
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Good point. The answer to your question is "Because they are lazy, stupid, egg-sucking motherfuckers".
 
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