Thursday, November 20, 2008

Uptick Rule Is Not the Problem

Look, an "uptick rule" is irrelevant.

Here's the fact pattern:
A. Massive credit bubble followed by real estate and asset price crash. Dishonesty from financial institutions. Constant manipulation of prices by central planners leading to market confusion.
B. You are "allowed" to sell stock that you possess even when the price just went down by a whole penny.

Which one is the reason that the market is crashing? A or B?