In Defense Of Speculators

Thursday, July 17, 2008 | 09:00 AM

This morning's Ahead of the Tape column in the WSJ discusses the absurdity of targeting short-sellers during downturns.

"Some free markets are apparently freer than others: The price of oil is free to fall, while the stock price of a bank is free to rise.

That is one takeaway from Washington's recent response to market turmoil. By singling out "speculators" who want to push bank stocks down and oil prices up, lawmakers and policy makers reinforce a message that the free market is a wonderful thing as long as it isn't going against you.

It is a potentially slippery slope."

Apparently, Free markets means free to go up only . . .


Easy Targets: In Defense Of Speculators
WSJ, July 17, 2008; Page C1


Thursday, July 17, 2008 | 09:00 AM | Permalink | Comments (55) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference In Defense Of Speculators:


The political flailing of this lame-duck administration and Congress is a thing to behold. The prime dealers for institutions and hedge funds don't allow naked short selling. This is basic! Naked short selling doesn't occur with the volume necessary to drive down the price of a stock to the level that warrants the attention of Chris "California Dreamin'" Cox .

Posted by: bonghiteric | Jul 17, 2008 9:09:04 AM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™