Wednesday, February 25, 2009

uptick rule

Uptick Rules and The Federal Reserve's New Powers

http://www.donharrold.net

Now that Jim Cramer (et al) has seen nearly 6 months of market malaise - after he (et al) predicted a glorious 2008, the excuses are now funnier than ever. There's a new "buzz word" to explain why the market's going nowhere: Destruction of Capital. Seems like the reason du jour to explain Jim Cramer (et al) and his terrible stock picks is that "short sellers" are "destroying wealth" by, well, just watch the video. And, guess what? The federal reserve is about to get even more of a stranglehold on our economy! Yes, good old Hank "I caused this whole mess" Paulson's got a plan to hand over even more of our economy to the fed. Just what we need: The people that caused the current problem with more control. Booyah!

Video Tags:jim, cramer, hank, paulson, short, selling, cnbc, ben, bernanke, federal, reserve, don, harrold, stock, market, uptick, rule, sec

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Yahoo news related to uptick rule

Bernanke: Uptick Rule Might Have Been Useful During Crisis (Fox News)
Bernanke: Uptick Rule Might Have Been Useful During Crisis

Bernanke Says There May Be Benefit to Resurrecting Uptick Rule (Bloomberg)
Feb. 25 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said there may be a benefit in resurrecting a rule that restricts short-selling stocks when share prices are falling amid the current bear market.

(AFX UK Focus) 2009-02-25 17:58 STOCKS NEWS US-SEC looking at uptick rule restoration--Bernanke (Interactive Investor)
Stocks on the move Real-Time Equity news U.S. stock market report

Google news related to uptick rule

Bernanke: Uptick rule might have been useful during crisis - MarketWatch  By Greg Robb WASHINGTON (MarketWatch) -- Federal Reserve board chairman Ben Bernanke seemed to give tacit support on Wednesday to restoration of federal rules that don't allow short-selling while a stock is declining. In a question-and-answer session ...

Bernanke Says There May Be Benefit to Resurrecting Uptick Rule - Bloomberg  “In the kind of environment we have seen more recently” the so-called uptick rule “might have had some benefit,” Bernanke said in testimony before the House Financial Services Committee today. The rule, scrapped by the US Securities and Exchange ...

Isakson Outlines Keys to Getting Economy Back on Track - Duluth Weekly  Third, Isakson called for the SEC to reinstate the Uptick Rule in order to stabilize the markets and protect the American consumer from traders forcing down the price of a stock. In his remarks, Isakson argued that the market deterioration was impacted ...

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