New rules for short-sellers could be coming on Wednesday.
Short-Selling
seen at your local short-biased hedge fund's trading desk
Cheer up, It can’t go up forever guys. It never does.
Is China Frontin' On Us All?
In my opinion, this is the biggest potential story out there right now. The mere possibility that the China bears are right and that all of the growth there is smoke and mirrors could have cataclysmic consequences on a global scale, nowhere more so than here in Debtland, USA. If China collapses, what are the…
Finance Blogger Feud Week
So apparently, this is Finance Blogger Feud Week! Get your programs! Last week’s Felix Salmon versus Zero Hedge dustup was merely a prelude for what was to come to this week. Two biggies to report so far:
A Metaphor for Being Short AIG
This is what it must feel like to have been short AIG this month… [vodpod id=Groupvideo.3212572&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] X X X Full Disclosure: I have no positions, long or short, in shares of AIG for client or personal accounts. Nothing on this site should be construed as advice or an invitation to buy or sell any securities,…
The Cramer Uptick Rule Petition
A group of market commentators from TheStreet.com, including James Cramer, have put out a petition which lobbies for the reinstatement of the original Uptick Rule, as opposed to a loophole-laden approximation filled with caveats and work-arounds as is rumored to be a possibility. The SEC is currently seeking comment until June 19th. There were only…
Hot Links: Icahn, Roubini, Sir Allen & Blockbuster
Hot Links for Weekend Reading It’s about time the Kaiser of Korporate Governance weighed in on the lack of accountability on the part of congress when doling out TARP (your) funds. Carl Icahn wrote a sharp op-ed piece for the New York Times called “We’re Not The Boss Of AIG“. The main thrust here is…
This Just In: SEC's 5 New Uptick Rule Proposals
So the SEC voted to propose five uptick rule-related proposals. The comment period, during which the SEC receives feedback from member firms, will be 60 days before anything is decided on. From Pensions & Investments: Among the proposals being considered, one is to reinstate the original rule that was introduced in 1938 and was in…
The Modified Uptick Rule Debate
Coming Soon! The following is not an argument for or against shorting, as that is a non-debate. The presence of short-selling is a necessary component of a free, liquid and healthy market. The question we’ll focus on here is what type of form the safeguards against abusive short-selling should take when the discussion by…
A Footrace to Zero: Heelys vs Crocs!
[vodpod id=Groupvideo.2297214&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Oh boy, this is one ugly race, with the finish line possibly being bankruptcy for both participants. I never owned a pair of either Heelys or Crocs and never will. Its not that I don’t get sucked into fads every now and then (I rocked a yellow LIVESTRONG bracelet throughout most of 2003-2004)…