July 7, 2009
In my opinion, after years of investing, the uptick rule should clearly be reinstated. In its absence, the market swings seem to be exaggerated, hurting the market and giving a Las Vegas appearance to to the market. Everyday investors, such as myself, are becoming VERY reluctant to enter the market because of the exaggerated swings which I believe this rule promotes. I recall the market swings on some of the financial stocks at the beginning of this crisis and I am again seeing these swings now, at a time when the market needs stability and predictability. Please listen to reason and reinstate the rule and reinstate faith in government and the market.
Thank you for the opportunity to give my opinion.