Yes starburst, it is all that and more, but you have to start somewhere, an no, despite making it out that way, shorting is not a small part of the problem. It is up there with all the other tactics of the multi-billions end of town.
Gann,
"And in a perfect world, you will still get good bear markets simply from the business cycle"
Yes exactly and the free market bear markets should be left to run their own path in the natural course of supply and demand. Naked shorts only exacerbate the down times and provide excess volatility, even though they don't cause the business cycles in themselves. Totally agreed.
Anyhow, my views are all of course part of a moral high ground, but it amazes me that an argument can be constructed to defend greed and greed alone. You have to try to change the morality of the world for the better somehow.....
(The thread helped fill a rain filled day here too. I am also out of here. Thanks for the discussion....)
