jmkeynes

5 Things the Treasury Should Clarify Now

Free Fall Market Nihilism

Economic philosophy of libertarians who short the market during a financial crisis.

Summary of a free market nihilist's philosophy:

"Bring on those waves of creative destruction: The bigger the financial collapse the better, I'm short the market!"

SEC Bans Shorting Financials

It is doubtful that all the contradictions in the SEC's temporary ban on short sales will be worked out before the ban is lifted.

However, the existing rules against naked short selling will be enforced and they're not going away.

So, if you want to make money as a naked short seller, you may have to go elsewhere.

Speaking of which, I hear that Brazil is now promoting a few secluded beaches where naked short sellers will be allowed to congregate. However, I don't think they'll be allowed to buy or sell anything. :-)