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Just Putting It Out There
Posted by Bess Levin, Sep 19, 2008, 10:18am
Comments
2
Posted by miami, Sep 19, 2008 10:33AM
What? It's almost as if you doubt the effectiveness of the Bank Asset Relief Financing program by the Feds.
BARF for short.
3
Posted by guest, Sep 19, 2008 10:34AM
Ummm, hello, it's Pakistan. Check out political events there in the same timeframe.
Fooled by Randomness, Bess.
5
Posted by guest, Sep 19, 2008 10:36AM
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?
7
Posted by guest, Sep 19, 2008 10:40AM
it was a bad week for the goat meat sector in Pakistan then, as well. Don't forget that....
8
Posted by guest, Sep 19, 2008 10:40AM
@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...
9
Posted by guest, Sep 19, 2008 10:45AM
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?
10
Posted by guest, Sep 19, 2008 10:48AM
3 largest pension funds say "no more stock loans for you."
end of party.
12
Posted by guest, Sep 19, 2008 10:50AM
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
14
Posted by guest, Sep 19, 2008 10:54AM
yeah. like the pakistan market is a good proxy for anything but fucking carpet bazarre.
bess, buy a clue.
15
Posted by guest, Sep 19, 2008 10:55AM
@9 chill out, can't you tell is just an example. China ban shortselling years before too. Where is your sense of humor?
16
Posted by diablo, Sep 19, 2008 10:56AM
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?
19
Posted by guest, Sep 19, 2008 11:06AM
Just curious -- what did oil do over this same time period? Any ideas? Is there any chance the chart is nearly identical?
20
Posted by guest, Sep 19, 2008 11:07AM
@6 Ban selling...unless you find a buyer the same day. You know like the old chop shops used to do
21
Posted by ep, Sep 19, 2008 11:08AM
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
24
Posted by guest, Sep 19, 2008 11:19AM
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!
25
Posted by guest, Sep 19, 2008 11:19AM
Where's Pakistan? They have a stock market? Any ETFs available there?
26
Posted by guest, Sep 19, 2008 11:20AM
Are you trying to say there is more here than meets the eye?
27
Posted by guest, Sep 19, 2008 11:20AM
exacto, ep.
this will end in tears.
http://www.nqcc.org/nqccweb/htdocs/Training%20pg%20crying.jpg
-retail
29
Posted by guest, Sep 19, 2008 11:23AM
Where's Pakistan? They have a stock market? Any ETFs available there?
31
Posted by guest, Sep 19, 2008 11:24AM
so you are essentially saying that you think this is not over, ep?
33
Posted by guest, Sep 19, 2008 11:27AM
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
34
Posted by guest, Sep 19, 2008 11:39AM
@33 go back to Yahoo.
Heres a list of emerging market tickers in pakistan
FU
BLWME
35
Posted by guest, Sep 19, 2008 11:44AM
@34 I couldn't seem to find those listed. I did find the following though:
SRCSM
OVRYRHD
38
Posted by guest, Sep 19, 2008 12:41PM
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.
41
Posted by guest, Sep 19, 2008 4:26PM
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.
42
Posted by guest, Sep 19, 2008 5:01PM
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.
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Posted by guest, Sep 19, 2008 10:33AM
KEWL TEST COMMENT