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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (31269)	10/24/1999 8:09:00 PM
From: Kip518	Read Replies (1) \| Respond to of 99985

speaking of being short.... this is interesting. Undoing of depression era protections is not just the repeal of Glass-Steagall but perhaps old shorting-restriction rule as well. The Securities and Exchange Commission said it will consider revamping 60-year-old rules that govern "short selling," or bets on falling stock prices. In particular, the SEC will study revising or even throwing out rule that effectively keep short sellers from ganging up on stocks to drive them lower. ..... Maybe, the SEC hinted, today's markets are mature enough, and liquid enough, that they don't need that kind of anti-bear protection that Depression-era, post-market-crash regulators felt was essential. latimes.com I'm not sure about the assumption of sufficient liquidity, but I'd sure like the rule changed.