GM: More Bailout-Worthy than Citigroup [View article]
Neither C nor GM, and for that matter any other entity no matter how big, should be bailed out. Badly managed companies need to die so in their absence a new and more innovative companies can be born. Bearing short term pain is a necessary price to pay for long term prosperity.
I've always felt that pre-condition for market melt down was a frenzied market melt up. I think we are seeing that market melt up today (did you zion hit $131?). If banning short sales would prop up the market, then Chinese market would not ever go down. However we have seen a melt down in Chinese market. I suspect, without the buyers of last resort, either the FED and treasury have to buy the market or there will be a melt down of biblical proportion in not too distant future.
As Merrill Reports, Short Squeeze in Financials Continues [View article]
noni1, good example of one sided market crashing is China. It is not the shorts who drive the market lower. In the end it is fear and greed that drive the market to irrationality. In irrational market you find opportunity betting on reversion to mean. If that means shorting then that's what it takes.
GM: More Bailout-Worthy than Citigroup [View article]
When Hedgies Attack: Morgan Stanley Drops 40% on Rumors [View article]
Options Trader: Friday Outlook [View article]
As Merrill Reports, Short Squeeze in Financials Continues [View article]