General Question

EmpressPixie's avatar

What do you think of the latest SEC move?

Asked by EmpressPixie (14760points) September 19th, 2008

Yesterday, the SEC tightened regulations surrounding shorting stock. Today they flat out forbid shorting 799 financial stocks. Do you think this will help or hurt?

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7 Answers

Lightlyseared's avatar

seems to have helped!

flameboi's avatar

Sure, I’m totally confident about it, we’ll be fine after this

Lightlyseared's avatar

yep, just keep telling your self that.

tekn0lust's avatar

I’m pissed as all getout because as part of my diversification I own funds who short stocks on purpose. Now they are in a bit of a pickle for the near future.

Carol's avatar

Its about time. The day traders have been ruining the market for true investors….long-term investors who want to own part of a company they think is great. Betting on failure seems a bit perverse and buying stock to inflate the price only to sell seems to violate the natural order of things. But worry not. We’ll probably go back to our old ways the minute the crisis is over.

Kraken's avatar

I haven’t the slightest idea as to what that will do.
The stock market is just another form of legalized gambling but with our very own futures.
The stock market is the most evil incarnation that capitalism ever has devised and it is no good at all. It’s just another instrument for the rich to get richer and the poor to get poorer.

ItsAHabit's avatar

People who steadily invest for the long run do quite well. It’s not evil at all and it promotes prosperity.

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