The Dow is up 379 points today, will Splum start a thread congratulating Obama
 

on what a great job he's doing and say that hope is alive?

It only took a 300 point drop for him to decide Obama was a terrible President.
http://www.gofuckyourself.com/showthread.php?t=891113

Surely a 379 point gain makes him a good one now. :upsidedow

I doubt he will, he's been so negative.

I congratulate Obama administration on the uptick rule implemenation... and the short sellers covering their shorts thereby pumping up finance stock prices. However, the jury's still out on whether the uptick rule is really an effective brake against short stock speculation.

People like splum are desperately trying to cover up the crimes and mismanagement of the republicans.

So it's a waste of time to make ethical or rational arguments.

Their hatred for america is all they have left.

Well the one thing the uptick rule can do is prevent alot of short bets from becoming a self-fulfilling prophecy. Without it a bear raid can drive a perfectly healthy company into bankruptcy.

What's the matter Splumster? Does the Dow only matter when it backs up what you were already going to say about Obama?

You miserable punkfaggot

Did you start any congratulating Bush when the Dow hit 13,000 a year ago? lol

lol no he will start at least 10 bashing him though. That guy sure as hell has gone off the deep end.

http://moneycentral.msn.com/investor/charts/chartdl.aspx?Symbol=$indu&CP=0&PT=11

Dow record high during Bush's term. Interesting. lol

Right but the uptick rule's been in effect since the 30's to 2007 and in all that time it hasn't really braked shorts in any fundamental way. The crash of 1987 still happened, people will still short stocks that they see have some real weakness. Bear raids of "perfectly healthy companies" are relatively rare considering the risk of shorting against the stock's fundamental strength.

No but I didn't start any blaming him when the market crashed after 9/11.

I'm fucking with a guy who thinks everything wrong in the world has been caused by Obama in the last 45 days.

I was just paraphrasing George Soros.
http://www.ft.com/cms/s/0/49b1654a-e...0779fd2ac.html

Getting rid of naked shorting (where the vendor has not borrowed the stock in advance) has helped alleviate the downward pressure also. Without that, you could literally have more short bets against a company than it has shares outstanding.

:1orglaugh