Quote:
Originally Posted by stickyfingerz
Did you start any congratulating Bush when the Dow hit 13,000 a year ago? lol
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No but I didn't start any blaming him when the market crashed after 9/11.
I'm fucking with a guy who thinks everything wrong in the world has been caused by Obama in the last 45 days.
Quote:
Originally Posted by $5 submissions
Right but the uptick rule's been in effect since the 30's to 2007 and in all that time it hasn't really braked shorts in any fundamental way. The crash of 1987 still happened, people will still short stocks that they see have some real weakness. Bear raids of "perfectly healthy companies" are relatively rare considering the risk of shorting against the stock's fundamental strength.
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I was just paraphrasing George Soros.
http://www.ft.com/cms/s/0/49b1654a-e...0779fd2ac.html
Getting rid of naked shorting (where the vendor has not borrowed the stock in advance) has helped alleviate the downward pressure also. Without that, you could literally have more short bets against a company than it has shares outstanding.