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  • Today Was a Buyer's Strike [View article]
    Geeee. If there had been a few short sellers out there maybe they would have provided some bids and slowed the plunge down enough for others to figure (wrongly) it was time to buy.

    Oops. We made shorting a no-no didn't we? Never mind.

    As for "free markets, lack of regulation, and the masters of the universe who run the global financial system" at least you got one out of three right. We haven't had free, unregulated markets since the Sherman Anti-Trust act was passed in 1890.

    Unregulated? Really??

    1) No short sales.
    2) Price curbs for big down days.
    3) Reporting requirements for more than 10% of publicly traded shares
    4) Limits to corporate officer compensation
    5) Sarbanes-Oxley reporting
    6) etc. ad nauseum.

    These markets are anything but unregulated. They are regulated to death in fact. The costs of complying with many of those regulations weakens the bottom line.
    Oct 06 16:33 pm |Rating: 0 0
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