Wow, to watch Fast Money one last time I decided to flip to CNBC, and what happened? Whitney talked with Maria… Wow, my two favourite ladies (NOT!) I am SO GLAD I watched Bloomberg… Objective information and not drivel…
So Maria asked her, “what do you think of these shorting rules?”
Her reply, “You need the ability to short and to keep the market efficient. Naked shorting is another thing.”
I am tired of Cramer… I am tired of Fast Money… I am tired of the drivel called CNBC America… CNBC America you just converted me to Bloomberg TV. CNBC Europe I still like for the most part. CNBC America has jumped the shark.
I decided to take a look at my S&P prediction that I made in February.
When I hear people talking about the SEC and shorting (mainly on CNBC America) I see how people are mixing apples with oranges. The SEC has instituted the rule that to be able to short you need to have the shares ahead of time. The problem is that many think the SEC rule is against shorting, when in fact it is for shorting, but it is keeping the shorting playing field level.
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