mangum

Picture of a Market Scared of Its Own Shadow

Fear drives everything and fearmongers are on every hand. That's why I laugh when I hear "the home of the brave" anymore.

SEC Considering 'Market-Wide' Short Sale Rule

Legitimate short sellers fear that a new rule would shut down their activity is completely unfounded. It's a red herring, a smokescreen for the thievery that is naked short selling. It's astounding that just now, after reams of data have been collected by independent groups on the deleterious effects of naked shorting, that the SEC is just now waking up to the financial terrorism wreaked in our markets through this unregulated practice. I'm skeptical; I'll believe such a rule is enacted when I see it. But it can't happen quickly enough.