October 28, 2009
Short selling in the stock market is nothing more than gambling. The markets functioned for decades without it and the Wall Street lobby manipulated Washington, which is oblivious to finance and the capital markets. When is the cycle going to end where more and more politicians are "bought" and the SEC finally stands up for the individual investor? Short selling is banned in many European countries so being an individual investor is more fair. Even the uptick rule provides limited protection. When is the SEC finally going to do its job?