Jim Cramer BAN ON SHORT SELLING 9/18/2008 8:03 PM EDT Oh man this Chris Cox is so bad. If he initiates a temporary ban on short selling every hedge that a goldman or a morgan has will go bust and he could put them out of business. This guy is a total loose cannon, All he has to do is simply bring back the old rules,. How could he be so wreckless and foolish? I hope the Journal's article is just plain wrong Position: none
not going to happen... if the measure is temporary then why would anybody buy now when s/he thinks that after the temporary period SIFs should be lower?.....
I am still tripping out. This is going to screw the markets in so many ways. What the hell is to stop AAPL from trading at $500/share now? its off to the races folks... load em up!
If someone is bearish they should be able to do whatever they want. If there is intrinsic value in a company then someone would step up and buy - pretty simple stuff here.... Would we hear any complaining if someone who was bullish bough the equity, bought calls, bought the bonds and shorted the CDS's? Unbelievable
i guess wall street will probably just make more inverse etf 's to accomodate daytraders, might not be a huge deal unless you are a abritrage autotrade type guy. It still sucks ass and i really ahte these people.
Get yer stocks now...this blue plate special will only be around till about October 29th... when the Fed is forced to hike short rates...