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Re: Mattu post# 6160

Tuesday, 09/25/2001 12:44:24 AM

Tuesday, September 25, 2001 12:44:24 AM

Post# of 216901
Matt you said if we stop short selling we should stop going long.
Matt going long doesn't hurt the economy right now.
And I believe that is the reason of the request. The interest rate cuts aren't helping because they came to late and were always a 1/4 point less then should have been for the proper impact. So what else can you do to put some stability into the market place?
You combine short selling with margin calls on top of what has happened you have disaster that needs to be stopped before the damage is to great.

Yes I agree they need to stop naked shorting and off shore accounts. Most definetly! And I agree they most certainly are adding to our problems.

My suggested time would be one month of no shorting and no margin account action either. And when margins start again they can't borrow as much as before.

No need to worry about shorting being stopped. It's not going to happen imo. To much money to be made by people who know the ones who would vote on it if it ever got to that stage. they won't let it happen imo.

God Bless America!
Excel

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