IP Daily

Preserving U.S. Economy Over Free Markets (Short Sellers)

To say that short selling is not based on fundamentals and technicals, consider the fact that a/ Congres wouldn't be asked for $700 billion to bail worthless mortgage chattel.( If F & T weren't imporatnt there would be no need to ask AND there would be fewer short sellers in financials.) b/ That numerous stocks are shorted ( like GM and in effect telling the mamangement to " get real ". Dovetail GM'spredicament against their credit defaults of $ 1 trillion. LMAO, GM does not even have a market cap anywhere near that AND the bonds can't cover the one trillion. ( Can you say KABOOM , GM ? ) Or WaMus INFAMOUS AAA mortgage pools rife with defaults. LMFAO. Liars.


And BTW, this is happening elsewhere too. This financial system is full of rot starting with rating agencies. Don't blame short sellers just because they can draw a straight line with a pencil. The mortgage crises is a Sunday school compared to credit derivatives disater that looms. Creit derivatives currently stand at 45- 62 TRILLION. Think the government can hide the worthless paper behind it forever ?..LMAO...we'll see.

What Christopher " I Like" Cox has done is strictly temporary and a diversion to your collective attentions. The market will flush losers and there is no need to ban short sales. Thus, Mr Cox's orders will have temporary effects.