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The Mitchell Report
52 posts
The Short Seller Myth of "Market Efficiency"
By the way, why am I wasting my time with this? Who cares about these screwball statistics?The SEC is talking about protecting companies from getting clobbered by illegal market manipulation. The SEC is talking about stopping a crime and upholding the basic tenet of capitalism and correct human conduct that says that someone who sells something had darn well better deliver it.
Media Herd Lassoed by a Lie
In the middle of last week, a previously unknown professor in Switzerland published a report that purported to show that the SEC’s emergency order preventing naked short selling in 19 financial companies had been a mistake. By the end of Friday, that report had become the basis for stories by reporters at the Wall Street Journal, the Financial Times, the Economist, TheDeal.com, Dow Jones Newswires, Reuters, and Hedgeworld.
Mr. Norris, We’re Here to Help
Floyd Norris of the New York Times has written a column about the SEC’s recently expired “emergency order” preventing naked short selling of 19 financial stocks. His argument is…Actually, I have no idea what Mr. Norris is trying to tell us.
Mr. Norris, We're Here to Help
Floyd Norris of the New York Times has written a column about the SEC’s recently expired “emergency order” preventing naked short selling of 19 financial stocks. His argument is…Actually, I have no idea what Mr. Norris is trying to tell us.
5,000 Words About An Obscure Bad Newswire Reporter
The ever cuddly Carol Remond (“I’m going to shred this guy to bits,” she said of Deep Capture reporter Patrick Byrne) has published yet another defense of criminal naked short sellers. In a recent column for Dow Jones Newswires, Carol writes that the SEC should think twice about cracking down on the criminals because some of the people (she names four) who have complained about illegal naked short selling have run into legal problems of their own.
Short-Sellers Spin Themselves Silly, SEC Sounds Strong
After years of intermittently ignoring and whitewashing one of history’s biggest financial swindles, the Wall Street Journal today, for the first time, published some basic truths about the crime: “Illegitimate naked short selling is different from [legal short-selling]…this kind of manipulative activity can have drastic consequences…Eliminating the prospect of naked short selling will help assure investors that… when the market declines it is not because of unseen manipulators and `distort and short’ artists.”
We ♥ Jim Cramer
In “The Story of Deep Capture,” we noted that CNBC’s Jim Cramer is at the center of a clique of dishonest journalists (most of them former employees of Cramer’s website, TheStreet.com) who have spent many years taking dictation for short selling hedge funds (most of them connected to Cramer). These same journalists, we pointed out, have steadfastly denied that hedge funds commit crimes or that illegal naked short selling is a big problem.
How Naked Short Sellers and CNBC Bamboozled the SEC
You can bet that the hedge fund talking points were rolling off the CNBC fax machine last week,…
The SEC Declares Emergency, and Joe Nocera Yammers On
Naked short selling and phantom stock causes the SEC to declare emergency; Joe Nocera and affiliated journalists continue to deny there is a problem.
A Scandal Unfolds, and the Media Mob Scampers
CNBC's Jim Cramer acknowledges that Patrick Byrne was right about naked short sellers