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KEWL TEST COMMENT
What? It’s almost as if you doubt the effectiveness of the Bank Asset Relief Financing program by the Feds.
BARF for short.
Ummm, hello, it’s Pakistan. Check out political events there in the same timeframe.
Fooled by Randomness, Bess.
I miss that hot lady who ran Pakistan, she retire?
a legitimate point in the sense that, if this “plan” doesn’t work in the long term, what options will be left? sarah palin as fed chair?
#5, next step is just banning selling altogether
it was a bad week for the goat meat sector in Pakistan then, as well. Don’t forget that….
@6 good call
I understand the invisible hand’s been giving everyone the finger lately, but Cox basically just chopped it off at the wrist…
And one chart, from one country, (not even with the same economical, political landscape), from just one period in time proves what? Dealbreaker was funny before, but it had at least some substance. I could also show a chart for Apple (the company) during the dot com bubble burst, based on only that information are you going to go short on Apple? Think, how do you like them apples?
3 largest pension funds say “no more stock loans for you.”
end of party.
ok mrs. carney@9.
Hello,
I hope I have come to the right place. I am looking for the complaints desk. I was told that I was no longer going to lose money in the market. My friend Chris promised me. Well you see, I LOVE Warren Buffet so I decided that I would invest in Coca-Cola, he’s drinking it all the time so it’s gotta be good right! Me? I can’t stand the stuff, I only consume drinks I make out of my own fruits and berries that I forage for in the woods. I just love the fall so many great fruits! Oh sorry, where was I? ah, yes – the stocks. So, you see, I bought me some Coca-Cola, I mean that Mr. Buffet fella just seems so smart how could I go wrong? Plus Chris promised me! Well here I am, and my stock has dropped (http://finance.yahoo.com/q?s=KO) so I would like Mr. Cocks to refund my money. A promise is a promise, right? Especially from the government.
Please get back to me as soon as possible.
Sincerely,
Peter Martin
Galloway, Massachusetts
yeah. like the pakistan market is a good proxy for anything but fucking carpet bazarre.
bess, buy a clue.
@9 chill out, can’t you tell is just an example. China ban shortselling years before too. Where is your sense of humor?
OK geniuses, this is not Pakistan. So what’s going to happen after this government intervention in the markets? More hedge funds going down? MS and GS will keep looking for a merger with some bank? The equity markets will go back down 10%+, and the treasuries shoot up in yield? The dollar index tanks?
Come on geniuses, what’s going to be?
read the title of the post, douchebags.
@9 you’re an idiot.
Just curious — what did oil do over this same time period? Any ideas? Is there any chance the chart is nearly identical?
@6 Ban selling…unless you find a buyer the same day. You know like the old chop shops used to do
I think a number of posters have missed the point of the graphic- which is really quite apt.
Banning short selling is going to do jack squat long or even medium term. Markets do not dive because of short sellers. They dive because of panic, lack of confidence, or a flight to less risky assets. Morgan Stanley managed to get the stuffing kicked out of it with less than a 5% short interest.
Of COURSE Pakistan is melting down even though their short sales have been banned. That’s the point. Shorts are NOT THE PROBLEM people. They are a reaction to the problem.
Any moron who points to Pakistan’s poor results following the short sale restriction and says “but look at all the other things going on in Pakistan” needs to send their resume to the market brain-dead Chris Cox. Your obtuse services are required at the SEC.
-ep
@21 Thank you.
Journalists know how to plot graphs?
THANK YOU EP! If the idiots that post here would spend as much time learning about how markets work rather than ripping on Bess, EP, and Carney…well, then we’d just have less idiots posting…but, that would be awesome!
Where’s Pakistan? They have a stock market? Any ETFs available there?
Are you trying to say there is more here than meets the eye?
exacto, ep.
this will end in tears.
http://www.nqcc.org/nqccweb/htdocs/Training%20pg%20crying.jpg
-retail
@21
Thank you.
Where’s Pakistan? They have a stock market? Any ETFs available there?
@4 — I know funny, and THAT’s funny!
so you are essentially saying that you think this is not over, ep?
@30,
It is funny.
Hey guys, I’m here from the Yahoo boards. Do you think that I should buy stocks in Pakistan? Could someone just give me a list of trades? That would really make things a lot easier. Thanks. Oh, also check out my website:
IfIWereReallyMakingMoneyInTheMarketIWouldntNeedGoogleAdsForIncome.blogspot.com
@33 go back to Yahoo.
Heres a list of emerging market tickers in pakistan
FU
BLWME
@34 I couldn’t seem to find those listed. I did find the following though:
SRCSM
OVRYRHD
@34 you got me.
-@33
@ 35
Awesome.
Let’s go out and Nuke ‘em Pakis.
Or wait, we can get the Indians to blast them to stone age for free.
But we must nuke them shit less. That’s where Bin laden is after all.
secondedd.
fuck those pakis.
@36 (not 33) see 34, 37
-33, 35
Yes I understand no specific statement was made, but drawing conclusions (pro or con) from this alone is beyond specious; it’s disingenuous.
Why?
Ostensibly (I make no mention in this comment as to my thinking), a ban on short selling happens during a time of (at the very least *potential*) severe economic downturn. Hence, any actual downturn that happens after a ban is put in place can easily be met with the retort, “It would have been worse.”
Unfortunately here is where we meet Mr. Schrodinger. We will never know what that market would have done had the ban not been put in place.
Yes I understand no specific statement was made, but drawing conclusions (pro or con) from this alone is beyond specious; it’s disingenuous.
Why?
Ostensibly (I make no mention in this comment as to my thinking), a ban on short selling happens during a time of (at the very least *potential*) severe economic downturn. Hence, any actual downturn that happens after a ban is put in place can easily be met with the retort, “It would have been worse.”
Unfortunately here is where we meet Mr. Schrodinger. We will never know what that market would have done had the ban not been put in place.
wow bess you are turning into a real little financial analyst when are you and sykes gonna start up a hedge fund?
Based on the weighting of comments on this board, i’d say this market is about to rip higher, and you all will be cornholed…I’m just sayin’