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Exchanges Propose Weakened Uptick Rule

This proposal is a loser. It would truly have no effect on the ability of Hedgefunds to short at will. This market will not recover until the Investors sitting on the sidelines return. Shorting provides nothing positive for the market other than large profits for the Hedgefunds and Day Traders. When a holding in your 401K has lost 10% in a day, the purpose of an up-tick rule on the next asking price is mute! The Shorts want to keep running their favorite tactic which is to start a stock down with a bad news rumor and then everyone piles on in concert.