The SEC doesn’t get the short end of the stick
Lance on Sep 29 2008 at 2:38 pm | Filed under: Investing, Lance's Page
If they did, then they wouldn’t have banned short selling. People may have noticed that the ban hasn’t helped, and today we see one of the real costs.
See, when markets collapse like today, short sellers dive into the market to cover their short positions, in these times they are often the only ones buying. They aren’t there today, and the market has lost one of its stabilizers.
Frankly, this whole affair has been drenched in idiocy.
Sphere: Related Content
