Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, October 1, 2008

short selling and political cover

So.... short selling ban disappears.. or not.

but cnbc... they are all "well this didn't stop the market from going down, or the bank stocks"

I owned the fucking things, I understand supply and demand... I knew they would go down.. WFT..

it's the volitility that you want to clear out... Who knows if it worked... But the same jackasses that ran the study are using this as proof they were right....



You can also suggest that the House and the senate needed the political cover of a stock market crash to take action..

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cnbc