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Politics : America Under Siege: The End of Innocence -- Ignore unavailable to you. Want to Upgrade?

To: joseph krinsky who wrote (5871)	10/2/2001 11:45:06 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 27666

No, I think you misunderstand. You asked if commodity markets had always operated with short selling and I provided what I think is an example of one that did not. If you use bubbles as a reason to justify short selling, As far as my focus is concerned, it makes no real difference to me. As I (believe I) pointed out in the first response I almost never sell an equity short and have not done so in years. I doubt the rules will get tighter than they are, to even attempt to do so ignores the real issue. Stocks are and have been overpriced, or overvalued if you prefer, for quite some time. Hindering Short-sellers should not be the focus, in my opinion. To each his or her own.

To: joseph krinsky who wrote (5871)	10/2/2001 12:46:24 PM
From: Patrick Slevin	Respond to of 27666

One last observation before I move out is this, when you say that was 1935. It's now 2001. It's 66 years later, and the markets have changed, and so the rules need to change to keep up with the market changes. many things appear to change but the underlying does not. The rules were put in in 1935 because Main Street believed that the Depression was the result of the fall of the speculative market. Politicians were pressured to do something about the people (Wall Street) who were perceived to have made money on their decline in fortune. This appears to be the theme of the current conversation, at least to me. Anyway, good luck with it. I respectfully decline to maintain the thread of discussion because I have nothing else to say about this.