They just banned short selling in US

Quote from jficquette:

Only morons like Hillary Clinton, Harry "we don't know what to do" Reid, Schumer, Peloski et. al. are stupid enough to openly discuss like its a viable course of action


Irony is part the $100k that HC made on Cattle futures were from selling the Cattle short lol.


John
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The real irony is that you are commenting on this with no real relevance or the slightest ability for your tiny brain to comprehend the implications.

Anyways... After realizing 95% of the comments I was reading, from prototypical losers like the above, were diluting my own trading decisions I stopped coming here, took a break and margined a shitload of ultra short in December and took a break. If you look back when you when the subprime fiasco started to rear it's ugly head, we all knew this was coming and nothing would stop it, no more than you could stop Ike from coming ashore.

Everything else between then and now was just noise and I tuned out.

What's next... I don't know... I got of the short etf position yesterday after the rally because I was afraid something ridiculous like this would happen.

I just had to see what the reaction was on here... and I concur, this is utter BS... from the bailouts to the short ban. This is not free market. This is socialized losses with realized profits... a zero risk game. I don't care what the implications are of the failure, it's not free market.

At least if everyone agrees that certain failures would end life as we know, then at least some people should spend a couple decades in a prison for being responsible for an event that ends up with more financial cost than a fucking war.
 
Quote from Splat:

Does anyone thing the 'rally' is happening because people who have been short are covering??
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Won't really matter. So we get this goverment induced rally. Earnings are on deck very soon. They are going to suck.

Have we seen the low? not until we see a higher high.

So we traded in a 60 point ES ragge fro close to three months, plsying ping pong with most of the moves occuring in a few minutes. Back and fourth we went.

Then we broke the lower end of that trading range and made a lower low. Now thats to goverment pumping we are now right back to the lower end again.

I see nothing here that suggests going hog wild on a long position.
 

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