Friday, September 5, 2008

Uptick rule

The bottom of the mkt will occur when the SEC reinstitutes the up tick rule. WHY? Because the need for levered money to relentlessly pound on securities will drive the gov't to stop the process and it is good for the country. As John McCain says-change is coming and the death of hedge funds is soon to be upon us. The Gov't has already stopped large funds from taking positions in commodities since that exposed the amount of capital that is floating around the system. Too much money/credit has been created in the last 10 yrs-that credit is shrinking in the US and is not being created in other global mkts.

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