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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.87-0.1%Dec 3 4:00 PM EST

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To: TobagoJack who wrote (40384)9/25/2008 8:31:15 PM
From: prosperous  Read Replies (1) of 218166
 
Its border line funny the whole charade with banning short sales of specific stocks (and keeping the list growing each day in the hope that markets will maintain value, whoever thinks this will work is a moron).
By adding to list of banned shorts the SEC is encouraging participants to short broader indexes which are shortable and will drive people to doing more of that (guess now it starts affecting the whole market, and banning shorting of broader indices is tantamount to admitting a very huge problem and no other solution, which the SEC will eventually may try as a last resort). If the fundamentals are screwed up, the market will go down one way or the other; be it by selling long positions, by selling short, or by finding alternatives to selling short or whatever it takes until the perceived value entices long term buyers (a point we are still far away). Looks like they are trying to light up the fire-cracker chain of hedge funds and the rumor is that the light and sound effects will stir shock and awe :-)
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