I was just wondering what your thoughts are on the SEC plan to reinstate the uptick rule? For those not familiar with the uptick rule see link.
"On July 6, 2007, the day the uptick rule was repealed, the Dow Jones Industrial Average stood at 13,611, just three months away from its all-time high of 14,198. The timing of the repeal was absolutely perfect. Repeal of the uptick rule sent a clear signal to anyone paying attention that the party was now over and it was time to establish a short position to be sure of benefiting from the market's coming drop."
They will meet tomorrow and should have it back up by the end of the month.
This should I believe resume confidence to the markets by lowering volatility. Short selling has a part to play in normal market function but hedge funds have been manipulating the markets for far too long.