Posted by rgoodwin on 18th of Sep 2008 at 02:48 pm
Illegal shorts should be cracked down on, but there is no way to
stop shorts - we would have no market. So when the oil company
stocks for any reason start plummeting - is the fed going to jump
in and STOP shorting for those guys? I don;t think so. The
governments are just reacting to their own fears and throwing out
darts and seeing what gets a reaction - and their darts will work
for a time but won't last. It's like trying to bring down an
elephant with a dart for a deer - you may slow him, stun him,
but it just is not going to work in the long term. I wish these
guys would instead spend their time figuring out what the hell to
do about all the things that have gotten us where we are instead -
it would be time much better spent - and probably while they try to
figure it out, we would work through it all and be on a merry way
to a viable worldwide economy again - you know governments are
slow..... BTW did everyone see that McCain wants to fire the head
of the SEC? I say go ahead - but let's be sure he gets a massive
exit package first.
Just Darts...
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Illegal shorts should be cracked
NY ATTORNEY GENERAL announces investigation into illegal shorting (sky news)
Posted by rgoodwin on 18th of Sep 2008 at 02:48 pm
Illegal shorts should be cracked down on, but there is no way to stop shorts - we would have no market. So when the oil company stocks for any reason start plummeting - is the fed going to jump in and STOP shorting for those guys? I don;t think so. The governments are just reacting to their own fears and throwing out darts and seeing what gets a reaction - and their darts will work for a time but won't last. It's like trying to bring down an elephant with a dart for a deer - you may slow him, stun him, but it just is not going to work in the long term. I wish these guys would instead spend their time figuring out what the hell to do about all the things that have gotten us where we are instead - it would be time much better spent - and probably while they try to figure it out, we would work through it all and be on a merry way to a viable worldwide economy again - you know governments are slow..... BTW did everyone see that McCain wants to fire the head of the SEC? I say go ahead - but let's be sure he gets a massive exit package first.
Just Darts...