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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (81567)7/15/2008 9:09:21 PM
From: RealMuLan  Read Replies (1) | Respond to of 116555
 
UPDATE:Short Selling Limit May Have Unintended Consequences
Dow Jones
July 15, 2008: 05:10 PM EST

(Adds further detail and commentary, closing stock prices.)

By Rob Curran

Of DOW JONES NEWSWIRES

"Funny they don't understand that it is because there is short selling that the market didn't crash. If there were no shorts in this market, there would be only sellers."
...
Some market observers argue shorts have been unfairly villified by people with a vested interest in seeing stocks rise.

"In the long run, this just shows again the game is rigged for the bulls," said Matt Kelmon, who runs Merriman Curhan Ford's options overwrite strategy.

money.cnn.com

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I might add, Chinese stock market does NOT allow shorting, it still down 50% YTD<g>