The UP Tick Rule. You could only short sell when the share was on a Up Tick.

[sarcasmo]

This rule was done away with in 2007 another nightmare thanks to the Republicans.


http://en.wikipedia.org/wiki/Uptick

[DJ13]

1. It looks like the GOP planned to crash the economy

Theres just too many coincidences they had a hand in to make it an accident.

[sarcasmo]

2. The more you do the research , it seems possible. It would have stopped the wild swings.

You wouldn't have had the five percent loss like we had today.

[taught_me_patience]

7. If you believe the uptick rule would have stopped today's

action... you are in extreme denial of the state of the economy. What did today in was weakness in Citi and Goldman. It's becoming clear that the first round of equity injections into those companies was a failure. Paulson admitted as much last week and the data since then has backed it up. There is a real chance of CITI failing, and if it does... Katy bar the door.

[taught_me_patience]

3. The rule was stupid and arbitrary

Why should there be different rules for buying long or selling short?

[scheming daemons]

4. I think short-selling should be illegal. You shouldn't be able to sell what you don't yet own.

[aquart]

5. To prevent the world economy from crashing?

To keep millions from becoming destitute homeless and starving?

[taught_me_patience]

10. The world market indicies are crashing

because of slowing demand in the underlying businesses. Shorts have very little to do with it.

[sarcasmo]

11. If it weren't for shorts you wouldn't have had the 5 percent over all drop today.

[sarcasmo]

6. If it controlled the wild drops, how could it be stupid? It was an implement of control for the

Market put into place after the first Depression.

[Schema Thing]

15. Because buying long and selling short are two completely unrelated activities?

"buying long" is the basic fundamental element of a stock market.

"selling short" is a side activity that builds nothing and creates nothing. If "selling short" where eliminated altogether, a stock market could thrive just fine w/o it.

[sixmile]

8. Bring it back

IMMEDIATELY

[sarcasmo]

9. The only people who would argue for the rule are those who are short selling.

[taught_me_patience]

13. Nope

I believe that making arbitrary rules only serves to distort markets. Distorted markets will reach equilibrium... it will just take longer.

[sarcasmo]

14. I guess we agree to disagree.

[Double T]

12. The Gamblers love to change the rules of the financial and economic casino; as long..........

as THEY are winning. Heavy Duty Regulation is required on the corrupt criminal corporations, private equity hedge funds and ALL of the wall street gamblers. Time to shutdown the corrupt economic and financial casino."F"'em ALL, THEY have ruined this GD nation!!