April 23, 2009
Since the uptick rule was abolished in the Summer of 2007, volatility has gone way up. This should be undisputable, by looking at the VIX index, or how often the Dow Jones Industrial Average moves up or down 100 points or more. I believe that unfettered short selling was a factor in the 2008 stock market crash. I am in favor of restoring the uptick rule exactly as it was before the Summer of 2007.