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Berkshire Hathaway's Peculiar Volatility Numbers

I only want to know if these short sellers borrowed the stocks first and then shorted. Or they merely shorted first without borrowing and then covered in two days before having to deliver the borrowed shares!

Can You Calculate Berkshire's Beta?

The stock is volatile, because the stock market has a structural problem.
There is still unlimited naked short selling during the two-day window period, becsause sellers have three days to deliver borrowed shares.
The removal of the uptick rule increases the volatility to the down side.
There is also an unlimited naked short selling via the use of puts options, ETFs, futures, short calls, swaps. Now, the credit default swap links equities with bonds. It is deadly!

The market is rigged to the down side!

Financial Weapons of Mass Destruction Aimed at Omaha

The stock goes down because sellers can push the stock down with the removal of the uptick rule and intra-day naked short selling.

Stock prices of many companies are not reflecting their fundamentals.
The SEC has created a structural defect for the market by removing the uptick rule and not enforcing the naked short selling ban.

Berkshire Hathaway Credit Risk, Index Puts Are Overblown Worries

It's not the fundamentals that brought the stock down.. It is because the sellers have been given many tools to kill any stock. Look at Citicorp, JP Morgan, Bank of America, Goldman, Lehman, etc. They went down hard and fast. In the old days, it never happened that way.

The SEC has been favoring the sellers for the sake of liquidity and free market. The SEC repealed the uptick rule. And now, they are not monitoring "dark pools" that flash across the electronic exchanges with mysterious large orders. These orders may be simply intra-day naked short-sales. These orders, in my opinion, may be closed out at the end of the day leaving no trace of illegal shorting. And then, there is unlimited shorting via the use of ETFs and put options. And then, there is also no regulation on the CDS market.

These instruments can help kill any stock any time.

Consider this strategy. Buy bonds and use the coupon by options on the CDS, and then short the stock using puts and aggressive shorting on the down tick to generate speed. Volatility increases, and it's all over before the stock knows it.

Mr. Buffett needs to talk to President-elect Obama to reintstate the uptick rule, and to get more transparency on "dark pools" and hedge funds. The market is running out of time!