May 18, 2011
I think that the stock market has become too much like Vegas.
It's not an investment in Americas business anymore it has become a roulette wheel to bet and make money by supporting or destroying companies value.
I think that shorting companies should have a HUGE penalty or up to 50% tax on monies received in shorting. We should encourage positive investment in companies, not reward people for betting on their downfall.
Due to the internet and stock trading being $4 a trade the idea of shorting has jumped to a huge demand and it is hurting companies value for the quick buck.
Tax the short sales at a huge level and people will stop shorting and invest in companies which will be better for the country as a whole.