Olipro->Creations(&Blog)

What. The. Fuck

This is a bad joke right? please tell me this is a bad joke? no? shit?

Ironically, The actual short selling business got blamed last time around when the great depression was on, I think even Keynes took the opportunity to have a bitch about it – though of course, it’s utter fucking bullshit, you might as well just ban selling too, then we can make sure all stock prices only go up… fucks sake.

The silver lining (I guess) is that they haven’t banned short-selling across the board, and limited it to select stocks. Unfortunately, one of them is CME, which pisses me off no end as that just so happens to be one of my favourites to trade; only being able to go long on the fucking thing is a bit of a piss off to say the least.

I think the thing that disgusts me most is the belief and will of the government to try and basically manipulate their way out of a recession, I suppose you can only reduce things to a puppet economy so far before you totally lose control, so let’s see what happens next…

Speaking of puppets, I think that basically sums up the FSA to me now – a mere puppet organisation serving government interests, and the SEC is almost as bad. I’m partially thankful I don’t bother with the UK markets, but then, statements like this just annoy me:

“The Commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets,” – SEC chairman Christopher Cox.

Is that not just the most ironic statement ever? – Yeah… fighting manipulation with manipulation, fucking brilliant. Sadly Mr. Cox, the only thing threatening investors and capital markets is you – the ban on short-selling is fucking stupid.

The one useful thing he did do was to ban Naked Short Selling – I fully support this; It’s not fair game for hedge funds to place sell orders continuously without bothering to back their short sales on borrowed certificates, it’s like buying goods on fake money so you can sell the goods back to the seller for a higher price, take back your fake money, destroy it, and keep his real money. (the inverse here is that it creates fake stock certificates rather than fake money). But beyond this, the whole thing is a fucking joke.

In any case, this bullshit better prove to be short lived or I will not be a happy fucking bunny.