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Little Green Panda Watch

608
David Simon3/07/2009 5:26:40 pm PST

re: #539 3 wood

Good moves, except for this one:

Install the uptick rule and make it 4 tenths that prices have to go up before you can get out of a shor tsale. That will stop this pounding of stocks.

There was a ban on shorting financial stocks in the fall, IIRC. The average financial lost over 30% during that time. The free market always wins out.

I think shorting (so long as it’s not naked) serves a useful purpose. One of the reasons why we’re in this mess is because of speculation on the upside.