Bill Belew has raised 2 bi-cultural kids, now 34 and 30. And he and his wife are now parenting a 3rd, Mia, who is 8.
There is talk of resurrecting the uptick rule –
Bernanke Says There May Be Benefit to Resurrecting Uptick Rule.
What is it –
1. Investopedia defines it as – A sometimes rule established by the SEC that requires that every short sale transaction will be entered at a price that is higher than the price of the previous trade. ”
The rule was introduced in the Securities Exchange Act of 1934 as Rule 10a-1.
The purpose of the rule is to prevent short sellers from adding to the downward momentum an asset is already experiencing sharp declines. The SEC eliminated the rule on July 6, 2007.
It is also known the “plus tick rule”.
There are calls to bring back the uptick rule. See –
Isakson Outlines Keys to Getting Economy Back on Track
SEC may Reinstate Uptick Rule – Forex Peace Army Forum
The effectiveness of the uptick is inconclusive, no one really knows if it would help matters at all but in a market that is strapped for confidence it may be a shot in the arm for the Dow.
We are starting to see some gains and this may help sustain them I see no reason not to try.
Seeems to bee that uptick rule doesn’t work at todays financial crisis.