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Thursday, 10/20/2011 1:57:00 PM

Thursday, October 20, 2011 1:57:00 PM

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Chuck Jaffe Archives | Email alerts

March 3, 2010, 1:41 a.m. EST

Coming up short
Commentary: SEC's new version of 'uptick rule' lets investors down.

http://www.marketwatch.com/story/new-uptick-rule-for-stocks-lets-investors-down-2010-03-03


"The original uptick rule, put in place in the late 1930s, required an upward move before a short sale was allowed; it made short sales more difficult by easing some of the downward pressure that builds when a market is in freefall. Eliminating the rule was like cutting the bars out of the cage and letting the bears run free".

"Studies by Birinyi Associates have traced the rise in volatility in U.S. stocks back to mid-July 2007, coinciding with the repeal of the uptick rule".

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