I'm ready for a Bill Clinton style market run!
I felt uncomfortable hiding all that cash in the mattress during George W's final months!
Surely you're asking us to vote to return to that?
Or perhaps we just need rules and an agency funded to enforce those rules. The SEC is no longer funded to enforce any rule.
"House GOP cuts IRS, SEC funding"
"House Republicans rolled out a $21.3 billion financial services bill Tuesday that cuts more than $2 billion from President Barack Obama’s budget requests — chiefly at the expense of the Internal Revenue Service and Securities and Exchange Commission.
It seems to me the selling across the market, including BAC, is using programmed bids, which are feeding off each other. Selling is begetting selling because of the nature of programmed trading. Since it seems to be speeding up, I can't imagine, it will stop soon. Sell momentum is building, not abating.
I'd say Reuters was just used. They didn't know what was happening either. News agencies are too eager to publish unfounded rumors. I bet Reuters doesn't even know the originator of the rumor.
You're not over-exaggerating there are you?
Others have been mis-underestimating PACB's prospects!
The stock should be worth about $2.50
You're supposed to be hiding you homophobia, not celebrating it!
would you say that Tim Cooke's net worth was impacted more or less than your net worth by the share price move today?
Our stock markets no longer work in valuing companies. In the past, the decisions of many investors, who purred over the fundamentals, decided how much they were willing to pay for a company. Now, a small handful of money managers and large hedge funds decide, based on their feelings, what a company is worth. This system simply does not work. We need reform in the markets.