In response to Jerry: I don't take a great deal of exception with most of what you say. I do, however, take issue with the idea that the banning of shorts in certain securities was the responsible thing to do in the current environment. If anything the markets should have just been closed for as many days as it took the SEC & Congress to figure out what they wished to do about this "crisis of confidence" (the most likely course of action will of course be a trillion dollar ,government funded, waste basket used to absorb bad assets and allow brokers to de-lever). Closing the US stock... (read more)
In response to Jerry: I don't take a great deal of exception with most of what you say. I do, however, take issue with the idea that the banning of shorts in certain securities was the responsible thing to do in the current environment. If anything the markets should have just been closed for as many days as it took the SEC & Congress to figure out what they wished to do about this "crisis of confidence" (the most likely course of action will of course be a trillion dollar ,government funded, waste basket used to absorb bad assets and allow brokers to de-lever). Closing the US stock... (read more)