Quick Stock Thoughts
The SEC must re-instate the ban on short selling, and they must re-instate the uptick rule.
There is no excuse for allowing hedge funds to keep pounding the market like this. If you own the stock and want out, fine.
But don’t let those other bastards profit by punishing us.
Biz | tree hugging sister | 
October 10, 2008 8:59 am
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Paco links to a post at Babalu that shows it’s better to invest in beer (aka 401-keg) than stocks. This week that’s a two-fer: drown your misery and get money back when you recycle.
No. Banning short-selling only stretches out the pain by making it take longer for the market to find a bottom. And a huge sudden drop is exactly what one would expect upon letting the short-sellers back in. Better a sudden crash than a bear market that lasts decades.
I’m going with Dave J on this one.
Can we compromise with defenestration of the bastards?