Browsing Tag
SEC
41 posts
Naked Hunting Season to Resume Tomorrow
In a few hours, the SEC will lift its ban on short-selling of 900 stocks. That is well…
October 8, 2008
The Week the World Said “Naked Short Selling”
Make no mistake: what you witnessed this week was not some natural process – an economy “souring,” a…
The Week the World Said "Naked Short Selling"
Make no mistake: what you witnessed this week was not some natural process – an economy “souring,” a…
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.
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.
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.”
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,…
Upon Further Examination, It Seems My Paper Is Captured Too
No, no newspaperman actually said that. In so many words, anyway. But the following story is true. In…
July 20, 2008