After seeing the market collapse without short sellers - I though it would be clear to everyone short sellers are good for the market. It is their covers which cause the market to bounce. The market would not have dropped this quickly if the shorts had not been taken out. They would have been covering. Sellers would have been waiting to sell on the rallies and there would have been a back and forth market - giving the feds policies time to work. That short selling ban was a disaster - and now we have proof.
The short selling ban was to save ONE single bank. Goldman Sachs. The rest of the market was added to obfuscate the fact The markets will now be supported mightily as GS is about to break 100.00 GS owns the USA. And the USA depends on GS to massage the markets.
short MS and you will have your fingers burnt...why? because you need to read a financial statement before talking...go the MS website and find it out....and do not forget tha the Chinese Govt is involved too, through CIC...also take the structured credit assets/tier 1 ratio of MER, LEH , Citi which were/are some 160%, whereas MS is 65% (JPM 60%, the lowest)+the $175bn in cash (LEH had 42bn)...at least read what the numbers are,otherwise it could be painful, very painful: some short could have a nasty outcome too, e.g. Volkswagen in Europe=> someone is still bleeding from the as¢çss....goood luck -best, peppuzz
none of this matters, if shit hits the fan, ms will be gone just like the other ibs. and the chinese government has already lost tens of billions investing in us and europe, they not putting any more money. The chief fund manager of the government who once was considered a savvy investor, is now a disgrace in china.
numbers usually matter: as a disclaimer i bot few shares today-pls short some of it instead....otherwise change forum-this is not a place for parrots-txs
Wednesday after the close. Pretty good call, no? <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/CLZ0ngEzSDo&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/CLZ0ngEzSDo&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>