They just banned short selling in US

Quote from mokwit:

Clearly the Government does not want financial institution stocks to be valued correctly by the market - you know, like LEH was.
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Actually LEH was *overvalued* right up until a couple of days ago. It was trading at $2-20 when it should have been $0.10-0.20 at most. The market clearly didn't have enough shorts betting against it, thus lots of people got suckered into paying way more than it was worth.
 
Quote from nitro:

15,000 ES Bid premarket TOB.

nitro
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15,000 suckers dropped 25+ ES points in an hour. Hint: getting long on the open after a 130 points rally in one day isn't the smartest move.
 
I hope the market crashes 3000 points just to spite these Pinko Commie douches who rob from the poor to bailout the rich.

Really makes me sick to see this.

Ban on short-selling in America. WTF is that.
 
So what now? The news is out--we opened at a spike and traded all day below the open. So if the market trades below 1150 in S&P, are they now going to stop trading and close the market like in Russia?

If it trades up to 1290's it sure looks like a sell there... of course they will come up with the next band-aid solution (banning trading stock index futures, perhaps???) to delay the inevitable. FMMA.
 
Quote from zdreg:

nixon went to china. Begin made peace with the arabs.. Bush and his cohorts have nationalized the financial industry.
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Well, lets face it, since the people are sheeple , most being greedy , I want, Me too, wheres my entitlement types, who didn't care that the 'wealth' was manufactured, they are to blame no?

Instead of electing men with balls, they elected everyone that couldn't find a real job.

Greenspan did a lousy job, seeding this disaster. Condo flipping imbeciles ran wild. Sub Zero IQ types paid 4X what the house was worth. Scummy real estate agents encouraged them.

Dude, everyone is to blame.
 
Quote from Cutten:

15,000 suckers dropped 25+ ES points in an hour. Hint: getting long on the open after a 130 points rally in one day isn't the smartest move.
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what?! Please don't tell me that's how you base your trades.
 
Cox's actions are easy to understand if you posit that regulators act to protect their jobs.

Once McCain said he should be fired Cox and the rest of the SEC woke up from their multi year tax payer financed slumber and did something [that would protect their jobs].
 
Is there a possibility of having some litigation/class action suits against the SEC for this rule? I mean, I think this was a necessary move in this circumstance, but what about investors who own managed futures, long/short equity funds, hedge funds, etc? It's now giving conservative strategies open ended risk.
G
 
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