i hope you think the big o is worse than w.
old white guy | 07.03.09 - 2:34 pm | #

Much worse ... Bush was stupid on the economy; Obama is dangerous.
Paul | Homepage | 07.03.09 - 6:25 pm | #

It is pretty important to distinguish between short selling and naked short selling. The former is simply a bet against the bulls, the latter is flat out fraud.
Jay Currie | Homepage | 07.04.09 - 2:42 pm | #

Jay: My problem is also with removing the "uptick" rule, which gave 3X ETFs or predatory funds incredible power to distort the market. Bush removed the uptick rule after it had served well ever since the depression, and at almost the very same time certified 3X ETFs.

Personally, I like the 3X ETFs for day trading and short swings and I trade them ... but on the grand scale they can be weapons of mass destruction.

But you are very correct, that shorting in general is a very important counter-balance in the market.
Paul | Homepage | 07.04.09 - 7:52 pm | #