May 5, 2009
As an informed individual investor with a Masters Degree in Finance I was shocked to take such large losses during the recent downturn in the economy. My investigations led me immediately to look at the level of short selling of good companies which became immediately obvious as one of the obvious causes. In some cases short selling was so extreme that it was immediately clear that the sellers were not required to hold shares of the stock of these companies. I favor reinstatement of the uptick rule to assist in diminishing the volatilily and subsequent downfalls that we have experienced as a result of its absence.