Congress seems to be looking a lot closer at naked shorting, and while they are focused on Freddie and Fannie, the solution to America's financial crisis may well be to extend (or enforce) the naked shorting rules to all stocks. One of the big issues in the current financial crisis is the fear that people have as they watch gas prices rise, while their home prices and stock holdings go down. Congress loves ways to create instant money, such as the housing boom and other bubbles that its laws and regulations have created. Assuming that many Americans are tied into stock holdings and retirement accounts that must be LONG stocks, then ending naked shorting will cause these holdings to rise (instant 'free' money). This in turn restores confidence to the American consumer, who will then be more willing to buy things, make other investments, and feel more confident about the housing/mortgage market.
I was incredibly fortunate to have an invite to meet with a global economist who was advising upper managment of UBS this morning.
Granted, the meeting was only 30 minutes however; what I gleened will seriously impact the investment strategies of major brokerages houses and a select few will be able to take advantage of emerging opportunities.
No need to go into the information on this board. I will put out a supplement to the Dancer Newsletter for my subscribers only.
Please pay particular attention to this report as it will be game changing.
Longs..... just continue your economic and investment flailings as usual.
<<Granted, the meeting was only 30 minutes however; what I gleened will seriously impact the investment strategies of major brokerages houses and a select few will be able to take advantage of emerging opportunities. >>
Has this got anything to do with naked shorting, or is it just verbal diarrhea?