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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (2110)	9/25/2001 11:57:05 PM
From: isopatch	Respond to of 36161

Just read a hilarious response to the idea to ban all shorting. floated by a democrat Congressman. (If you're not familiar with the release just ref my earlier post above) And not some back bencher either. This potato head is apparently the ranking member on the House Finance Committee. So have to wonder about the people who appointed him too ! Anyhow, here's a true classic in web satire from Brookelise, who's been cracking up readers for months on SA II.<G> Isopatch "OT Maybe the House Financial Services Committee will ask the SEC to consider halting trading completely -- buying and short selling -- to prevent "putting further pressure on already fragile markets." After all, that Congressman mentioned "short selling or other similar activities." Any trading at all might be construed to be a similar activity. Like John LaFalce (D-NY), I'm concerned that "negative macroeconomic forces and speculation in stocks" may be "adding to the downward cycle we are seeing in the markets" and in the economy. Clearly, investors have been dumping stocks "amid worries about the cost of possible U.S. military retaliation, massive layoff announcements and signs the economy may slide into a recession." I'm going to ask the SEC to consider a halt in all trading. And while they're at it, what about movies, another similar activity (making movies is an investment for producers, after all)? Why are movie producers permitted to dedicate needed resources to entertainment in these dire times? And music? What about banning music? Shouldn't the SEC ban music? And books? And dancing? What could be more similar to short selling now than dancing? That sure is a similar activity that should be stopped. The Taliban have outlawed pet parakeets, I've read, too (honestly). What about pet parakeets? Shouldn't the SEC ban, or at least restrict, pet parakeets? Maybe owning a pet parakeet isn't a similar activity, but one reason to ban them might be national security, because they repeat things they hear. I'm sure they probably erode consumer confidence in some way, too. Everything else does. How can consumers find time to spend when they're busy looking after pet parakeets? I don't mean to turn this thread into an anti-parakeet forum, but it's an issue that needs to be addressed. Why can't we ban pet parakeets? After all, it's a free country."