Short Selling Banned!

I never thought I'd see the day...

What a joke.

WASHINGTON (MarketWatch) -- The U.S. Securities and Exchange Commission intends to temporarily ban short-selling, The Wall Street Journal reported Thursday night. It's unclear if the commission has approved the move, the Journal reported. SEC Chairman Christopher Cox, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson were briefing congressional leaders Thursday night. The U.S. move would follow a similar action by U.K. regulators on Thursday.

Its not approved yet. But it will set up a real crash as shorts will cover and the vaccuum emerges under the prices. This would be the dumbest thing ever. Cox should fired immidiately if he does that. But republicans are desperate they are engaging in all kinds of market manipulation now to avoid solving real problems. Market manipulation only works for a short time.

Edited by ogm, 18 September 2008 - 07:12 PM.

Incredible. Naked short selling I can understand but this is ...well we might as well admit that when the rubber meets the road, we really don't have capitalism or free markets, just a soviet style central government who can make up whatever rules they want when it suits them. This is like a bad dream on a whole different level now.

I never thought I'd see the day...

What a joke.

WASHINGTON (MarketWatch) -- The U.S. Securities and Exchange Commission intends to temporarily ban short-selling, The Wall Street Journal reported Thursday night. It's unclear if the commission has approved the move, the Journal reported. SEC Chairman Christopher Cox, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson were briefing congressional leaders Thursday night. The U.S. move would follow a similar action by U.K. regulators on Thursday.

What confounds me is that nobody minds.

What confounds me is that nobody minds.

What scares me is that there is nothing one can do.

Its not approved yet.

But it will set up a real crash as shorts will cover and the vaccuum emerges under the prices.

This would be the dumbest thing ever. Cox should fired immidiately if he does that. But republicans are desperate they are engaging in all kinds of market manipulation now to avoid solving real problems. Market manipulation only works for a short time.

a short time is all they need because soon the evil destroyers of the economy will be slipping out the back door and leaving the mess to the next sucker !

ed rader

Don't panic yet, kids. Its not banned yet. Just "considered" But the good news is the result will be a CRASH into the vacuum. Put options would work fine. Market is in multi year downturn and it can't be stopped. All that desperate manipulation will only have short lived effect.

This could have a dramatic effect on the trading volumes of the double short ETF's.

So...how are traders supposed to hedge their long positions if they can't go short? This is the most stupid idea I've ever heard of if it's true. Cox ought to be fired. U.F.O.

I'm panicking because it eliminates the floor from the market. When folks legitimately short, they are a guaranteed buyers--at a time when not regular buyers are going to find the nerve to do so. Sheer idiocy. And yes, I believe it will cause a real, true and lasting crash. If they do it.