tag:blogger.com,1999:blog-6436290627248034888.post387568139710373638..comments2023-06-22T04:45:54.673-04:00Comments on The Great Recession (2008-2010): Gary Kaltbaum: Just ban sellingAdil Burneyhttp://www.blogger.com/profile/15716540441921591613noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6436290627248034888.post-57657086062516562082008-09-23T10:55:00.000-04:002008-09-23T10:55:00.000-04:00I am still bearish on financial stocks as I doubt ...I am still bearish on financial stocks as I doubt that a bailout will be able to save insolvent companies (of which there are still others to come). However, some of the details of the Treasury bailout (see my post on this) will determine how much deflation there is.<BR/><BR/>Monday's action was probably part recognition of the shell game and part expiration hangover/end of short covering.... <BR/><BR/>Thanks for the questions!Adil Burneyhttps://www.blogger.com/profile/15716540441921591613noreply@blogger.comtag:blogger.com,1999:blog-6436290627248034888.post-70213610955516885172008-09-23T08:06:00.000-04:002008-09-23T08:06:00.000-04:00That's hilarious. So much for the "free market" sy...That's hilarious. <BR/><BR/>So much for the "free market" system. It's all fine when obscene amounts of money are being made, but when obscene losses are in the offing, it's time for blatant market manipulation and a taxpayer bailout. In addition to banning short-selling althogether, why don't they just mandate how much the markets will go up each day? Yeesh.<BR/><BR/>Do you see a deflation of financial stocks after the short-sale ban ends? Will there be enough willing buyers of these stocks? It seems highly improbable.<BR/><BR/>It's funny how the Fed is trying to rush this thing through to "restore confidence in the financial system". What it does is smack of desperation, and the market close on Monday shows the world is picking up on this shell-game. Lack of short-sellers and all. <BR/><BR/>Keep up the good work!Anonymousnoreply@blogger.com