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Politics : America Under Siege: The End of Innocence
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To: Patrick Slevin who wrote (5872)10/2/2001 1:47:22 PM
From: joseph krinsky  Read Replies (2) of 27666
 
You gave examples of bubbles. Had you said there was a market in tulips and there was no short selling allowed or in existence at that time, and a bubble ensued, I would have said, then you believe that the bubble in tulips was caused by the lack of short selling. This should mean that there are no bubbles in markets that have short selling. I say, well, has there been bubbles in markets that have short selling? You would answer yes, and then I would say, then I guess short selling doesn't prevent bubbles, does it?

Stocks being over valued or undervalued is a subjective opinion.

The real issue to me IS changing the rules. It's the only issue I am addressing concerning shorters and short selling. The other things are items that you brought up.

I say things like: short postions should be reported every day instead of monthly, and you reply with things like: tulip mania was caused by lack of shorting!
I say things like: no naked shorting should be allowed, and you reply with things like: Banard Baruch wrote a book in 1935!

Am I missing something here? I make posts about one thing, and it seems that you and others respond with answers or statements about things that have nothing to do with my posts.

I already posted I didn't want to get bogged down in arguing the side issues.
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