SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : NetCurrents NTCS
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Teresa Lo who wrote (169)10/3/2000 11:57:21 AM
From: Patrick Slevin  Read Replies (1) of 8925
 
<in the end, I think it was resolved that short selling wasn't the culprit>

No, the market miseries in '29 can be more attributed to causes such as the overruling of the New York Fed by the Federal Reserve board when New York wanted to raise rates, by earlier manipulations for currency reasons due to relationships between the NY Fed and the Bank of England, and of course "house of cards" speculation. Hardly the stuffings that make Short Selling anything but a high risk proposition until the dominoes start to tip.

However, it was popular to fix the woes of the Depression on Wall Street, and so the popular view was the political expedient. Not to say that Wall Street did not have some culpability, but selling Short hardly would be the root cause......just another place to fix blame.

It would be my guess that the fervor of the period against market speculation poisoned the popular viewpoint of the practice for 50 years, as the people who lived through such a time carried it as the rationale for their difficulties through their entire lives.

How do you like the SPZ, here? Been Long since 1454.20; considering an Exit around 68. I actually like it Higher but the FOMC meeting probably will be too much for my sensitive nervous system.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News