The Insanity of Allowing Short Selling in a Recession by Michael Levy SignUp
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Opinion Share This Page
The Insanity of Allowing Short Selling in a Recession
by Michael Levy Bookmark and Share


Would you send your children to a nursery that was run by cannibals? Then why allow short sellers to crucify stock prices when they are at their weakest?

Why does the SEC allow billionaire short selling Hedge Funds to control the destiny of troubled companies that sends them into bankruptcy when they may otherwise be saved given time to reorganize?

Why does CNBC TV and other media outlets give massive time coverage, in most of their daytime segments, to short selling billionaires, who explain their propaganda, so that other speculators can follow their parasitical method of breaking company stock prices systematically down to devalued levels and many times bankruptcy? 

In the same manner as speculative propaganda drove up the price of oil to an unrealistic price of $147.00 a barrel, so called expert intellectualized propaganda is driving down stock prices to lower than the book value of many companies assets. This in turn causes massive layoffs in jobs. We all know jobs are lost in a recession; however, short selling is making it far worse.

With leveraged ultra short index fund, ETF's stock prices can be traded down in double quick time that adds oil to the fire of discontent. Therefore, it is preposterous to allow short sellers free reign when the USA is in recession. Surly, it is in most people's interest to keep companies in business and employment at the highest level possible so that the recession can pass by quicker. 

The remedy is for the government to immediately step in and demand the SEC halts ALL short sellers until the recession passes. In addition, all short positions should be covered within one week. This will send stocks up 2000 points and put a bottom under the markets. It will also save the jobs and companies that are now struggling to survive.

I recently enjoyed a French movie titled Avenue Montaigne that had some profound messages. In one scene, an actor explained to a young woman that just before the lights goes down she often observes people scrabbling for an empty seat that is closer to the stage. In their frenzy to get closer, they do not understand that if they get too close they will see less.

In the same way the short sellers need to realize the more money they are making by shorting stocks, the more pain they are inflicting on the whole of the world financial markets that follow the USA's lead. 

Enough is enough and the government senators need to stand up for the peoples financial assets, moral values and be counted upon to do the correct course of action to stop short sellers in their vulture like tracks.. 

In the final analysis, this is a great time to be investing in substantial companies with strong balance sheets, great products, super management and services and no debt.

* Panic buying or selling always leads to large losses.
* Decisions made by greed and fear will lead to doom laden anxiety.
* If you are still following the advice of the experts who got you into
the confused mess, the doom god may take you to an early grave in double quick time.
* There is a switch on the radio or TV that turns it off, discover the benefits how it works.
* Get out of the habit of listening to the fear mongers.
* Everything good, bad or indifferent passes with time and this too will pass.
* In every human being, there is a spirit of love & joy that can weather any storm in harmonious tranquility and peaceful grace. That is the only true channel of authenticity to be aware and tuned into.

A simple person understands when enough is enough and never goes hungry for authentic counseling by a higher power; whoever or whatever they deem that to be. However, a person who does not know when to stop consuming will always go hungry for more and more. This type of person will always be in want and lack the real treasures of heaven and earth.

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23-Nov-2008
More by :  Michael Levy
 
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