Stop Crazy Markets Swings

I keep reading and hearing about the evil short sellers and how we need to stop them...Current SEC solution is to stop "naked shorting". Only problem is it is already illegal to short naked (sell shares you do not own without actually borrowing them, not sitting in your birthday suit trading the Ameritrade account).

Pundits are saying the problem really got bad when, a couple years ago, the SEC abolished the "up-tick rule" (you can only short sell on a stock that price is better than the last price). They may be right...

But, what about the crazy BULL MARKETS we have had recently; we need to stop these "bubble" markets. That why I'm suggesting that we institute a new down-tick rule on all long buy orders. No longer can those evil hedge fund traders continue to buy stocks and make them go up....

Only if we have a true "up-tick" rule for short sellers and a "down-tick" rule for long buyers will we find the "TRUE" market price for stocks...

Peter Greene's Street Chat. Wall Street and companies or politics in the news.

Waste Management to buy Republic

WMI to pay $34 per share for RSG....

looks like trash business is still booming!!!!

Rocky R.I.P.

Rocky Aoki, Benihana Steakhouse Chain Founder, Dies, Kyodo Says
By Charlotte Porter
July 11 (Bloomberg) -- Rocky Aoki, founder of the Benihana chain of Japanese-style steakhouses in North America, died in New York, Kyodo news service said, citing unidentified people close to him.

At least we got Scootsie Doubleday to Rocky's room earlier this week...

BNHNA is the symbol for Benihana...

Dow under 11,000

Today the Dow hit under 11K for the first time in over two years...and then all the street got in their cars and headed for the Hamptons...Trust me I know because people are calling me from the traffic jam...

Where to now? Anyones guess, but with a possible (PROBABLE) bailout of the Fannie/Freddie messes we should be putting in a near term bottom. $1000 question ?!?! WILL IT HOLD???

Oil hit another all time high today; then pulling back a little...loves to flirt with that $150/barrel level...

New Blog

I'm starting this blog to practice a way to bring some of our (mine and my firm's ( FUSION ANALYTICS) ideas out. This is not a solicitation site and is just my ramblings about the investment world and the world in general...

Peter Greene....