Keep the Markets Open

Townhall.com ^ | March 17, 2020 | Erich Reimer

[grobdriver]

I would ban shorting entirely and forever. It is the tool of the manipulators.

I have to agree - This just doesn't seem like people panicking and taking huge loses by selling everything. It's too much and has been happening for too long.

I think there's bad actors involved here - individuals, nation-states, I don't know - but we're being manipulated.

This is a war, and we don't even know who the enemy is. Closing the market would be the way to stop it.

[ConservativeInPA]

fleeces the rest of us out of our shares for those who are foolish enough to sell on the way down.

That's the problem, isn't it? The only losers in this market are those that are long and sell at the bottom. People need to learn to take paper loses. We're going to have crashes, manipulated or not, every 10 to 15 years. If anyone is in the market for the long haul, they will go through this at least once.

[Bigtigermike]

If you want to talk about the economy ask a economist. If you want to talk about the stock market ask a psychiatrist

[Fresh Wind]

I would not pay attention to the futures today - they are un unreliable indicator at present.

Except that they are a major component of the computer trading schemes that are widely used, and largely responsible for the huge price swings seen in the underlying indices.

[CincyRichieRich]

fleeces the rest of us out of our shares for those who are foolish enough to sell on the way down.
...
That’s the problem, isn’t it? The only losers in this market are those that are long and sell at the bottom.
...
True enough. However, the power balance isn’t level since the uptick rule is gone...banding together billions to short really shouldn’t be so easy. That is what they are doing, with psychological precision. I would feel better if PDJT called it out...I make the assumption he knows I’m is occurring.

[ConservativeInPA]

You can only short when someone is willing to sell low. It takes two to tango. Still, there's the alternative uptick rule. Theoretically, that should limit loses to around 10%, when the circuit breaker kicks in. That's if you sell. I haven't experienced that since that applies to equities. I used to trade commodities, and I was short half the time.

I know what it is like to go up against the big boys. There will always be the someone with more money in the market that us. That has consequences, but it doesn't mean a little guy can't profit.

[ConservativeInPA]

I would ban shorting entirely and forever. It is the tool of the manipulators.

You realize that you too can short sell. It is a valuable part of the market. You might as well say you should ban long selling. The market can also be manipulated going up. Limit orders to sell are methodically knocked down all the time by traders to profit long. It works the same way on the down side, where stop-losses are knocked down.

Those who don't like it shouldn't leave trading to brokers (salesmen). Brokers are not traders, their knowledge set is making commissions. Learn how the market works, do it yourself and for God's sake, cover your positions.

[foreverfree]

Bump