SO there are a thousand arguments....
.05 Bla bla bla
Trading curbes.. Bla bla bla
Let me just talk about my "Civilian friends", Who after Getting Clobberd for 10 years, want to blame "Wall street manipulators", and have no confidence in the system, and see it as being one of getting Fucked over by guys like me... Right, we know it's the sentiment model that fucks them. but they just want to blame someone, but the most important part of the Up-tick rule is to RETURN CONFIDENCE in the Game...... Short selling Naked short selling.....
It's all bullshit, and certainly "Gammers" need to be cracked down on, but Returning Confidence in the game is SOOOOO important. regardless of the "Reality" of it's usefullness.
ALWAYS REMEMBER, the financial system is a "Confidence game"
Wednesday, April 8, 2009
Uptick Rule
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2 comments:
Benjamin Graham: in the short term the market is a voting machine, and in the long run it's a weighing machine.
The longer the term the more correlation stock prices have with earnings. P/E ratios expand and contract based on confidence. You are right, in the short term it's a confidence game.
sort of my point was that the removal of the rule is seen by "Civilians" as a reason that the game is rigged.
One would think that we would want people to see this as an honest game.
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