They are trying to goose the market UP at least until the election. Otherwise, the Dems have heavy firepower to win even a greater majority, let alone the Presidency. I think America is stuck in "economic malaise" or worse.. at least until the Boomers die off. ALL markets will eventually reflect that.
Don't think this was your point, but I've long held the "boomers" responsible for what is happening/what will happen to the economy...because of their "borrow and spend, f*ck the future" answers to everything. (Since Reagan.) They figure they'll be dead before the sh*t hits the fan. Therefore I hope the disaster happens sooner than later. The sad part is that after the boomers die off what is left? Each following generation is just more and more dumbed down with no clue to how things really work. Banning all shorting during this mess is either a retarded person's response or a manipulative thief's response. A precedent has been sent. Now whenever any sector of the market is being hit we can ban shorting on it as our response. If the banking stocks fall during this ban maybe we can enact another rule that says banking stocks cannot fall below 20 a share. That's the next logical step for the "leaders" and the retarded public who allows it to go on. My hope is the U.S. markets close lower today, Friday Sept. 19th, to show these idiots how juvenile and damaging their no shorting ban is.
I don't think of it as "our fault"... sure, we're "borrow and spend until we burn out", but our personal obligations don't carry forward to future generations. The problem is the GUMMINT! They are all about, "borrow and spend, leave unpaid debts and obligations to future generations to cope with". Personally, I think the Gummint should be tared and feathered, then run out of town on a rail.
That's what I meant. I blame the boomers because I see them as the Reagan/Bush/Bush supporters and allowed the national debt to rise so high under those watches. Either they knew what was going on or they should have understood. At least Clinton made it an issue. Neither of the poor choices of 2008 mention it much at all. And I'm not a Democrat either. The last time I voted it was for Perot; this time it'll be Ron Paul.
But, it's really not the Boomers' fault... WE did not run the deficits... WE did not "charge it to future generations"... we're so dumbed-down, we don't have the sense to do other than "vote RepubliClown or vote DemoCrap"... it's the Gummint's fault.
We get the government we vote for. The public has a bottomless sense of entitlement. We could vote every incumbant out of office. Then we could choose between one candidate who promises the moon and the stars and another who says government is not the answer to every single problem. And the moon and stars candidate would win by an overwhelming landslide. Christ, we had the feds mailing checks to everybody, for crying out loud. People are going to elect whoever promises to deliver the biggest bag of goodies. Better elbow your way to the front of the trough to get some slops before the party ends. Cuz there's gonna be some lean times once it finally winds down and the bill arrives.
If our government had any control over itself, it would give credit to the mess where it is do. The Federal Reserve is; * Rothschild Banks of London and Berlin (Rothschild and world economy) * Lazard Brothers Bank of Paris * Israel Moses Sieff Banks of Italy * Warburg Bank of Hamburg, Germany and Amsterdam * Kuhn Loeb Bank of New York * Lehman Brothers Bank of New York * Goldman Sachs Bank of New York * Chase Manhattan Bank of New York (Controlled By the Rockefeller Family Tree) They made the mess and they are responsible for it. Let them settle the debt. We need to go back to the gold standard and print our own money backed by such. Kick the fed out of the United States. We dont control them they control you. We need our own currency and no more of their fiat money. The Constitution says only gold and silver will be money in the United States. Article2 Section 10. Our money has been junk and all that think this situation will get better are full of dun. How long will you continue to trade debt with people who write the rules as they go. Will you be one of the ones that cant quit the habit of being used. Get over your Stockholm Syndrome!
The more this sinks in the more it seems the motive to ban shorts is to send a message to the thick public that it is the short sellers responsible for the credit mess, not the lenders, and not the deflating real estate bubble the Fed created. Giving McCain a push is a nice side benefit, though. You know now that I think about it, maybe this could really backfire even before the ban ends. Once the short sellers are out of all financials, without them falling over themselves to cover in buying frenzies, you will no longer have that support for going up. I mean if you are long on a stock, greed will make you buy at maybe a little too high price you normally would; but if you're covering a short...forget it. You will panic and buy at ANY price. That's a huge missing chuck of buyers missing from the market.
Mom and Pop know 2 things: ⢠Speculators drove up oil prices ⢠Short sellers drove down stocks Mom and Pop hate speculators and short sellers although they never knew they existed before the last couple of months!