It would seem that now, naked shorting has effected the over all confidence of the markets to the point that those in control are out of control. As well the no uptick rule has really screwed things up.
I know you think I’m paranoid with “nutty” conspiracy theories, but if you think most things occur by chance then I have no sympathy for your stupidity and those that take advantage of it.
Only now will the SEC and Cox address the naked short selling issue while the average guys 401K has been raped by such practices for years.
Do not think they are coming to your rescue, but merely to clamp down on lost control.
On a positive note this would help stabilize the markets going forward. At this point I’m taking this as rhetoric and a chance at scaring the shorts controlling this market.
GLT
by GW
— Sun Tzu, The Art of War
This goes out to Paulson, Bernanke, Cox, and our CIC
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Do you really think shorts control the market? I see it as an attempt to save the share price of a few of the SEC’s top friends, nothing more.
They are down because these companies suck, they’ve fucked up repeatedly, covered up the errors with accounting games, and a significant fraction deserve to go to zero, not because of shorting.
I exclusively short nekkid.
____
jake,
Your f’n funny sometimes.
Flux,
I do not believe they control the markets, but at a time when there is no buy interest, selling pressure and a no up tick rule they certainly have the upper hand.
I do agree with your statement that some need to go to zed.