jct, your implying that shorts have casued this (as the media would lead you to beleive), but they havn't. There is one thing and one thing only that has caused this decline and every other decline in the stock market.
And its a common human desire.
Greed.
Business pushes the boundries to far and do dodgy things, wether it be cocking the books or subprime.
Everything in the stockmarket sums to one, you can not help or save anyone without effecting anyone else adversly.
People trade on perception and perception will mean prices will always over shot the mark wether shorts are there or not.
Shorts just provide a liquid, efficent and opertunistic market.
The alternative is a less liquid, inefficent market without brakes.
