How fast did Christie disappear from POTUS?
He 'put' Larry in Jail.
>Naked short seller
Most short selling has been naked since late 80's.
FTD's became so commonplace they were rarely, if ever, reported on much after '08. The elimination of the uptick rule basically took out the last barrier to infinite derivative trading on the short side.
Most "lists" of wealthy rarely have short sellers ala Chanos on them. The system has outlawed and stigmatized it away.
It used to work well. Bad or gimmicky companies with zero knowledge or nothing more than "funding" were attacked for the BS they were.
The little regulation that was left was never enforced after Shrub put Cox in at SEC. It was Un-American to investigate job creating business' or to short them. Premiums were outsized on RvR and actual shares rarely available at the retail level.
Being short in this environment is betting on systemic failure. I agree its going down however I would not bet the farm on anyone, let alone us plebs, on collecting ANYTHING if it goes tits up. 2008 was controlled demolition as the daily Fed reverse repos that began in September 2008 continued on a smaller scale up until early March 2009.
That, my friends is the only time we have had a pullback of ANY length. 'Investors now if they are 30 yrs or younger have never seen capitulation. Not in 2008. A few days perhaps.
It will not be allowed to happen as the various trigger s will make sure a systemic wipeout cannot occur in any given trading window.
Notice the lack of trading curbs to the upside…