When it comes to asking for comment on the uptick rule, the Securities and Exchange Commission opted for the “American Idol” approach – throw out any one of five options of varying degree of merit, and see how people feel.
Should we get the 1) original rule 2) modified rule with a national bid 3) circuit breaker and /or 4) specific stocks?
What a mess. "Enforcing such a rule is going to be a difficult task, he notes. “With decimalization and penny trading, the enforcement is more arduous than the fact that we have it,” he says. “With multiple exchanges, do you base it on the NYSE or is a composite uptick, or what?” Either way, he believes the implementation of such a rule will reduce bear-market raids that create self-fulfilling prophecies."
Yay, markets only go up! Buy, buy, buy!!
http://blogs.wsj.com/marketbeat/2009/04/08/four-at-four-your-choice-of-uptick-rules/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment