September 17, 2008

A Modest Proposal for a Stock Market Regulation
If we're going to regulate, let's regulate effectively:
No common or preferred stock shall be sold in the United States except at a profit to the seller.
This way stocks will only go up!

Embarrassed afterthought. Mea culpa.

If an investor acquired a stock sufficiently under the current price, of course the price can decline while he sells it at a profit.

I don't have this securities-regulation thing down pat yet, but if first you don't succeed...

The correct answer lies in the uptick rule. Don't just reinstate it. Give it teeth!
No common or preferred stock shall be traded in the United States except at a price greater than or equal to the preceding price.
Take that, you unAmerican pessimists!

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