Dawson Lodge

The 'Uptick Rule' (A.K.A The Dangers of Dog Piles)

Man, let me tell ya, market surveillance and documentation if a stock was sold on an uptick, unchanged, or a downtick, seems like an insane
task (maybe the SEC is packed with quants, I don't know) and in any event, the purpose of the market
being price discovery, it is illogical to dictate a bias
either bullish or bearish. Bull raids and bear raids are
always a possibility, if you're not able to play, it's better to stay out. Luckily for the bears, gross ineptitude in the area of risk management is the norm,
and innocence on the part of passive money (your pension fund) is also the norm, so if the idea that
values can actually decline is unfathomable, too bad.
What is more interesting to me, is the timing of this
"regulatory" shift. It just says to me that the guys at the top (who own the SEC), wanted to be ready for a great bear market. I always follow the smart money.