financial reality

Separating fact from fiction in finance and economics

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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Idiot

October 6th, 2008 by reality

Chris Cox, chairman of the SEC, is an idiot. Prohibiting shorting of the financial stocks was a really, really dumb idea. The outcome is days like today, when there are just no buyers. Plus I wasn’t short coming in, which irritates me even more.

Posted in Government, Rogues and Rascals, Stocks |

2 Responses

  1. Vytas Says:
    October 6th, 2008 at 1:58 pm

    I was :)

  2. reality Says:
    October 6th, 2008 at 5:23 pm

    Good for you. Not only that, I dithered about selling into the hole. But I did make some money. Flat again.

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