Anyone have any good DETAIL links on the ban?
Does the ban just include a specific list of stocks? I read that somewhere.
How 'bout futures?
Does the ban just include a specific list of stocks? I read that somewhere.
How 'bout futures?
They just banned short selling in US
- Thread starter nitro
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I don't know why some delusional people seem to think it was bad to be in the market during Clinton... I guess is you're a perpetual bear, then you are still holding a grudge, but sheesh... I didn't even have to trade then, I was just investing, which is terribly boring, but I had a lot of free time, good health/low stress and a plenty of disposable income.
The tech bubble was in the private sector... this shit was under the direct regulation and oversight of the government, from basic policy, to FDIC, to Freddie/Fannie "gov't backed" entities... these are institutions the gov't is suppose to keep under their thumb to a degree because they had the vested interest of a blank check if shit hit the fan.
So even those foolish enough to try to correlate the two back to political blunders... there isn't really much there, sorry.
Anyways... I don't want to digress much more from the actual short ban, so I'll stop there, but yeah... the short ban is nuts, and the people who are pointing fingers at anyone other than the ones running these outfits, and as a last resort, the ones who are the backstop (the executive branch of the government), for the short ban or the crisis... they need a reality check.
I have to wonder what you are smoking, because from what I can tell, you actually feel vindicated.
Do you even realize what your and your boy's Byrne's dumbass diatribes accomplished?
This is the final nail in the coffin, USA is now a socialist state. What capitalism?
Anyone with a brain will dump all their US holdings into this rip and will not touch these markets with a 10 foot pole. This is a huge signal of what is to come. Time to get the f**k outta this god forsaken nation.
I'll answer myself, if this is useful to anyone.
http://www.nytimes.com/2008/09/20/business/20sec.html?hp
799 financial stocks are banned from short selling
http://www.nytimes.com/2008/09/20/business/20sec.html?hp
799 financial stocks are banned from short selling
Its just till October,2 2008 .Just long enough so the 3rd quarter is not a down quarter..... maybe.
Lets think about this, did the Bear recuse occur near the end of Q1 2008? and did anyhing happen near the end of Q2?
I can't see that this would have been done unless there was real fear of a total collapse of the banking system. Governments don't have the money to nationalise all the banks, so market manipulation is the only option left to them to try to keep the wheels turning.
It would have been more honest to suspend trading in the financials altogether, but I guess they don't want to admit how bad the situation is. Interesting times...