SEC may abolish stop-loss orders

WTF???

http://www.marketwatch.com/story/sec-may-abolish-stop-loss-orders-analysts-2010-09-24

 

I thought you were joking

 

I heard the SEC is going to make a rule against selling.

 

Just want to know who is the genius that come up with these great ideas.

Here is another one that should consider:

Making selling illegal. Selling only legal under 1 condition, to pay your estate tax.

With the above law pass, I guarantee every day will be an bull day.

 

The rumors flying around the various message boards about not being allowed to sell are just jokes. This no-stop-loss thing appears to be legit.

I'm just glad I don't really do stocks much any more.

 

Hey, that would be great IF the government will guarantee a fill on all stop-limit orders at the limit price. I think traders deserve a bail-out, too.

 

Oh no. We're evil and should be punished. After all, we caused the global recession.

 

Its not a joke. Its true. Its true.

 

Links, please.

 

Not going to happen. That is, if they want to keep their jobs.
Too powerful of a lobby behind not allowing this to occur.