Pretty interesting days, these ?
Unbelievable that given a few years of evidence of abuse in short selling, they won't reinstate the uptick rule... but they WILL terminate all short selling ?
There is clearly something more to what is going on than meets the eye... including that the obvious level of international coordination in specific changes that are not fully intuitive... is eye opening.
I'm stunned by the partial suspensions floated in stages... first, partially protecting only 19 companies, then floating a plan for limiting actions that will protect only some big companies, from other very large market actors... while leaving others to fend for themselves ??? Saving this company with taxpayers dollars, and throwing that one to the wolves...
Have these bozos at the SEC never READ the constitution... the law WE wrote that we require our government to follow ? Do they even think it might be useful to know what "equal protection of the law" means ?
Unbelievable... they seem to think it is their right to make up rules they deem superior to our laws, and that it is the role of government to anoint winners and losers in the market place... at their whim... while shareholders are left to shoulder the risk of their whims without protection, as the SEC does all it can to PREVENT rather than foster the accumulation of capital, by enabling capital destruction as a public good.