interesting quote someone forwarded me..........

"The President in a statement today condemned short selling for speculative profit on the New York Stock Exchange and said that he and other administration officials had frequently expressed the view to managers of the Exchange that measures should be taken to protect investors from "artificial depression" of the prices of securities they hold "  To the Editor of The New York Times: "Short sales of stock are an almost unmitigated evil, and if Congress can devise means to limit or perhaps eliminate the practice altogether, it will have taken a long step forward in preventing such disaster as almost overwhelmed that portion of the public which endeavors to save and invest some portion of its income and for a time threatened to overturn our entire financial system."


























the above is from 1932

rink - they took away the uptick rule in the last year. then just put it back

friend of mine works compliance at a firm in NJ and he mentioned it to me i thought it was outrageous to take it away...what do i know

i think it was rockefeller who starting doing the short/takeover play first but the Patriarch made it an art form

good blog - actually i started reading this a year ago and came here warning everyone about it...was too scary to be real but its all playing out

you may be right rink...rockefeller was the 20's i think

4-0 for vandy is impressive

Atlas Shrugged..

sitting cash, buying commodities

commodites is more or less a us dollar short. you can also buy foreign currencies like the euro or australian dollar which pays a nice 5% dividend