Display:
Discouragement of short selling, by whatever means, would certainly be helpful to driving up equity asset prices

And driving up equity asset prices should be a policy goal?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Thu Jan 14th, 2010 at 11:54:38 AM EST
[ Parent ]
It appears to be. Dow up = Allswell in their perception of the popular mind. Geithner, Summers and much of Wall Street seem to think if they can levitate the Dow and S&P 500 sufficiently they will lure back the small investors. As that happens, the big boys will start pulling out their money and almost certainly again find ways to short the market just before the next giant puke.

The problem they are having is that the small investor has undergone a change of psychology to fear from greed and are mostly sitting out this bogus rally. Without someone to buy up their hyped and levitated shares they just keep on keeping on---until they can't. But it will probably at least be highly impractical for small investors to short the market so as to profit on the puke. That is for the big boys.

At any rate that is my sense of things. Giethner, Bernanke and Obama are now the chief shills for Wall Street.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jan 14th, 2010 at 03:39:53 PM EST
[ Parent ]
OK rabid "I'm a proud Democrat" Democrats.  How are you feeling about your boy person in the WH?  Still ga-ga?

In the end, might makes right. Nothing has changed since the caveman.
by THE Twank (yatta blah blah @ blah.com) on Thu Jan 14th, 2010 at 04:05:10 PM EST
[ Parent ]
They have a different sense of things. Go read The Booman Tribune.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jan 14th, 2010 at 09:30:18 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series