It is difficult to believe that Americans are dumping their stocks day after day by the truckload. It is equally difficult to believe that Americans are short-selling by the truckload in order to get short term profits, while our economy is thrust into recession/depression by the radically dropping stock markets. What concerns me deeply is the amount of short-selling by foreign brokerages of American stocks. From what I am seeing, this is the biggest factor in moving the current market.
If this can be verified, I would propose that as a matter of national security, the U.S. should no longer allow any brokerage that is not on U.S. soil to short-sell American stocks. If that means we must cut foreigners off from buying or selling certain key stocks, then do it already. Why wait until it is too late?
Hello, SEC? With all those agents assigned to scan the internet threads. . .and even listening to some [from your 770-612-7000 number?] . . . are you listening now? Get your heads out of the sand and wake up.
We are well past "capitulation". And considering what the Hoover Administration found along with the Pecora Commission. . . that what caused the Great Slide from October of 1929, when the slide began. . . for the next 2 1/2 years until the summer of 1932 when the bottom was finally put in, was "unrestricted short-selling of U.S. stocks."
Again, if that was indeed the case, [please don't write me about what caused the crash, that isn't the point. . .it is the 2 1/2 year slide afterward that I'm talking about]. . then we could be in the initial phase of an historic repeat. I realize that regulators are focused in a number of directions here, but it is my feeling that they need to re-think and re-focus some of their efforts. . . .as a matter of national security.
Rande Is
[copied from the "Great Slide Of the New Millenium" topic from home.insighters.com ] |
