"SEC Halts Short-Selling in 799 Financial Stocks " (CNBC.com):"The Commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets," SEC Chairman Christopher Cox said in a statement."This action, which would not be necessary in a well-functioning market, is temporary in nature and part of the comprehensive set of steps being taken by the Federal Reserve, the Treasury, and the Congress," Cox said."Don't Sell Short Selling Short" por Gary Galles:Restrictions on short selling are analogous to a voting process where there are only the possibilities of voting yes (owning shares) or abstaining from voting (current non-owners), but "no" votes (selling what you do not own) are impossible.###People can vote yes, buying shares and pushing up stock prices, or those who previously voted yes can decide to go back to abstaining by selling their shares, lowering stock prices. But short sellers allow current abstainers to vote "no," giving themselves the ability to benefit from their different views while benefiting others via market prices, without having to first own shares in a company."The SEC’s Second-Hand Socialism" por Michael S. Rozeff:The result is that the SEC has reduced the market’s efficiency. Stocks can go along at overpriced levels for longer periods of time, and then, wham, the bad news comes out in one lump sum, at which point the volatility rises sharply as the price collapses. This means that investors at large cannot be as sure as they once were that prices accurately reflect available information, especially negative information. They will require higher returns to compensate them for that added risk. They will also require higher returns to compensate for the added risk of regulatory interruption and interference in the stock market.Resumidamente,- alegando que o mercado não está funcionando eficientemente, a SEC reduz a eficiência do mercado; alegando que há manipulação do mercado, a SEC manipula o mercado para evitar que o preço das acções desça de acordo com a oferta e a procura; "Nothing is so permanent as a temporary government program" - Milton Friedman; estas medidas sugerem que a "guerra" ao mercado continuará por muito tempo;- o mercado será culpado de todos os inevitáveis fracassos das medidas intervencionistas que procuram salvá-lo; Ainda ouviremos "it became necessary to destroy the village in order to save it".
"SEC Halts Short-Selling in 799 Financial Stocks " (CNBC.com):"The Commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets," SEC Chairman Christopher Cox said in a statement."This action, which would not be necessary in a well-functioning market, is temporary in nature and part of the comprehensive set of steps being taken by the Federal Reserve, the Treasury, and the Congress," Cox said."Don't Sell Short Selling Short" por Gary Galles:Restrictions on short selling are analogous to a voting process where there are only the possibilities of voting yes (owning shares) or abstaining from voting (current non-owners), but "no" votes (selling what you do not own) are impossible.###People can vote yes, buying shares and pushing up stock prices, or those who previously voted yes can decide to go back to abstaining by selling their shares, lowering stock prices. But short sellers allow current abstainers to vote "no," giving themselves the ability to benefit from their different views while benefiting others via market prices, without having to first own shares in a company."The SEC’s Second-Hand Socialism" por Michael S. Rozeff:The result is that the SEC has reduced the market’s efficiency. Stocks can go along at overpriced levels for longer periods of time, and then, wham, the bad news comes out in one lump sum, at which point the volatility rises sharply as the price collapses. This means that investors at large cannot be as sure as they once were that prices accurately reflect available information, especially negative information. They will require higher returns to compensate them for that added risk. They will also require higher returns to compensate for the added risk of regulatory interruption and interference in the stock market.Resumidamente,- alegando que o mercado não está funcionando eficientemente, a SEC reduz a eficiência do mercado; alegando que há manipulação do mercado, a SEC manipula o mercado para evitar que o preço das acções desça de acordo com a oferta e a procura; "Nothing is so permanent as a temporary government program" - Milton Friedman; estas medidas sugerem que a "guerra" ao mercado continuará por muito tempo;- o mercado será culpado de todos os inevitáveis fracassos das medidas intervencionistas que procuram salvá-lo; Ainda ouviremos "it became necessary to destroy the village in order to save it".
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"SEC Halts Short-Selling in 799 Financial Stocks " (CNBC.com):"The Commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets," SEC Chairman Christopher Cox said in a statement."This action, which would not be necessary in a well-functioning market, is temporary in nature and part of the comprehensive set of steps being taken by the Federal Reserve, the Treasury, and the Congress," Cox said."Don't Sell Short Selling Short" por Gary Galles:Restrictions on short selling are analogous to a voting process where there are only the possibilities of voting yes (owning shares) or abstaining from voting (current non-owners), but "no" votes (selling what you do not own) are impossible.###People can vote yes, buying shares and pushing up stock prices, or those who previously voted yes can decide to go back to abstaining by selling their shares, lowering stock prices. But short sellers allow current abstainers to vote "no," giving themselves the ability to benefit from their different views while benefiting others via market prices, without having to first own shares in a company."The SEC’s Second-Hand Socialism" por Michael S. Rozeff:The result is that the SEC has reduced the market’s efficiency. Stocks can go along at overpriced levels for longer periods of time, and then, wham, the bad news comes out in one lump sum, at which point the volatility rises sharply as the price collapses. This means that investors at large cannot be as sure as they once were that prices accurately reflect available information, especially negative information. They will require higher returns to compensate them for that added risk. They will also require higher returns to compensate for the added risk of regulatory interruption and interference in the stock market.Resumidamente,- alegando que o mercado não está funcionando eficientemente, a SEC reduz a eficiência do mercado; alegando que há manipulação do mercado, a SEC manipula o mercado para evitar que o preço das acções desça de acordo com a oferta e a procura; "Nothing is so permanent as a temporary government program" - Milton Friedman; estas medidas sugerem que a "guerra" ao mercado continuará por muito tempo;- o mercado será culpado de todos os inevitáveis fracassos das medidas intervencionistas que procuram salvá-lo; Ainda ouviremos "it became necessary to destroy the village in order to save it".
"SEC Halts Short-Selling in 799 Financial Stocks " (CNBC.com):"The Commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets," SEC Chairman Christopher Cox said in a statement."This action, which would not be necessary in a well-functioning market, is temporary in nature and part of the comprehensive set of steps being taken by the Federal Reserve, the Treasury, and the Congress," Cox said."Don't Sell Short Selling Short" por Gary Galles:Restrictions on short selling are analogous to a voting process where there are only the possibilities of voting yes (owning shares) or abstaining from voting (current non-owners), but "no" votes (selling what you do not own) are impossible.###People can vote yes, buying shares and pushing up stock prices, or those who previously voted yes can decide to go back to abstaining by selling their shares, lowering stock prices. But short sellers allow current abstainers to vote "no," giving themselves the ability to benefit from their different views while benefiting others via market prices, without having to first own shares in a company."The SEC’s Second-Hand Socialism" por Michael S. Rozeff:The result is that the SEC has reduced the market’s efficiency. Stocks can go along at overpriced levels for longer periods of time, and then, wham, the bad news comes out in one lump sum, at which point the volatility rises sharply as the price collapses. This means that investors at large cannot be as sure as they once were that prices accurately reflect available information, especially negative information. They will require higher returns to compensate them for that added risk. They will also require higher returns to compensate for the added risk of regulatory interruption and interference in the stock market.Resumidamente,- alegando que o mercado não está funcionando eficientemente, a SEC reduz a eficiência do mercado; alegando que há manipulação do mercado, a SEC manipula o mercado para evitar que o preço das acções desça de acordo com a oferta e a procura; "Nothing is so permanent as a temporary government program" - Milton Friedman; estas medidas sugerem que a "guerra" ao mercado continuará por muito tempo;- o mercado será culpado de todos os inevitáveis fracassos das medidas intervencionistas que procuram salvá-lo; Ainda ouviremos "it became necessary to destroy the village in order to save it".