May 4, 2009
I have been advising and investing for clients since 1983. The uptick rule has worked well for over 70 years,and should be reinstated.Most individual investors find it diffcult to understand why this rule was taken out,and more so many feel it is undermining the integrity of the market,and directly related to job losses in the economy. Short selling itself is fine,but not when the playing field is so tilted,that it becomes very clear to many investors that lobbying by short funds are the primary reasons this rule being eliminated. In addition if naked short selling is indeed happening, it is the SEC that should be questioned as to it's decision to allow this,and failure to show leadership in regulatory matters.