Post Number: 5375
|Posted on Thursday, March 05, 2009 - 9:37 pm: || |
not helpin' the share price, whoever this is
http://www.huffingtonpost.com/ 2009/03/05/morgan-stanleys-13- payout_n_172259.html
Post Number: 2024
|Posted on Thursday, March 05, 2009 - 9:43 pm: || |
The last time the stock market suffered from extreme volatility and risk of market manipulation as severe as we are experiencing today, our grandparents' generation stepped up to the plate and instituted the uptick rule. That was 1938. For nearly 70 years average investors benefited immensely from that one simple stabilizing act.
Unfortunately, in a shortsighted move, the Securities and Exchange Commission (SEC) eliminated the rule in July 2007, just as we were about to need it most. Investors have now been whipsawed by what appears to be manipulative trading, what we used to call "bear raids," which drive stock prices down without warning and at breakneck speed. Average investors feel the deck is stacked against them and are losing confidence in the markets.
Post Number: 241
|Posted on Thursday, March 05, 2009 - 10:00 pm: || |
What Does Uptick Rule Mean?
A former rule established by the SEC that requires that every short sale transaction be entered at a price that is higher than the price of the previous trade. This rule was introduced in the Securities Exchange Act of 1934 as Rule 10a-1. The uptick rule prevents short sellers from adding to the downward momentum when the price of an asset is already experiencing sharp declines. The SEC eliminated the rule on July 6, 2007.
The uptick rule was also be known as the "plus tick rule". Investopedia explains Uptick Rule
By entering a short sale order with a price above the current bid, a short seller ensures that his or her order is filled on an uptick. The uptick rule is disregarded when trading some types of financial instruments such as futures, single stock futures, currencies or market ETFs such as the QQQQ or SPDRs. These instruments can be shorted on a downtick because they are highly liquid and have enough buyers willing to enter into a long position, ensuring that the price will rarely be driven to unjustifiably low levels.
Post Number: 1197
|Posted on Thursday, March 05, 2009 - 11:46 pm: || |
I said in another thread most of what has screwed up the financial markets is nothing more than legalized gambling masquerading as high finance. These kinds of activities have almost no correlation to actual business activity. Instead, it's a way for people to game the markets and engage in financial gamesmanship at expense of many companies and our economy as a whole.
Post Number: 742
|Posted on Saturday, March 07, 2009 - 4:44 am: || |
All I can say is Christopher Cox, George Bush, et al. have implemented what I call:
"free markets, free trade" and now "free fall (economy)".
Obama will undo 28 years of GOP dominance but the price of doing it will be massive public debt (just like FDR's programs were implemented to correct the excesses in the roaring 20s markets).
I've mentioned to friends, folks can make money when stocks go up and some (much fewer) make money when stocks go down.
(Message edited by emu steve on March 07, 2009)
Post Number: 188
|Posted on Saturday, March 07, 2009 - 9:39 am: || |
And those with higher incomes should have a hereditary seat in the House of Lords.
Post Number: 1628
|Posted on Saturday, March 07, 2009 - 9:52 am: || |
Trainman--you're kidding me, right? Tell me you're being a smarty-pants...
Post Number: 201
|Posted on Saturday, March 07, 2009 - 10:46 am: || |
Trainman - tax and spend, tax and spend, etc. If you want it, how about saving up yourself and paying for it. You want buses and mass transit then you pay for it. I will not support any new or more taxes.
Post Number: 614
|Posted on Saturday, March 07, 2009 - 11:23 am: || |
Don't forget the 1999 Gramm-Leach-Bliley Financial Services Modernization Act, which helped bring on today's economic meltdown. Along with the elimination of the "uptick rule" and other "deregulations", an eventual collapse was assured.
It makes no sense to put the fox in charge of the henhouse, unless one is on the fox's team.
Free Markets + Free Trade = Free Fall
Post Number: 1770
|Posted on Saturday, March 07, 2009 - 11:30 am: || |
"The loss of real estate prices is an opportunity to raise the property tax."
This is one of the most asinine statements yet on what to do in a recession.