Quote of the Day: Uptick Rule

Thursday, April 03, 2008 | 02:15 PM

Straight dope:

"To suggest that the removal of this rule is causing the markets to go down is to loudly announce 'I don't understand the credit crisis, and I am incapable of ever understanding it.'"

-Jim Bianco, WSJ

The article specifically mentioned Mario Gabelli, Martin J. Whitman, and Jim Cramer as opposing the elimination of the Uptick rule.


Blame Game: The 'Uptick' Rule Debate
WSJ, April 1, 2008

Thursday, April 03, 2008 | 02:15 PM | Permalink | Comments (21) | TrackBack (0)
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To keep calling it a "credit crisis" demonstrates the same lack of a brain...

Uptick rule was removed to INCREASE volatility or plainly put allowing the common man to short any stocks whenever they want (wouldn't want something like a pesky rule to get in the way of free markets) so that they Fed can roast them at any point they see fit.

If you load them in the boat faster.....the faster you can sink it...


Posted by: michael schumacher | Apr 3, 2008 2:29:58 PM

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