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2 Answers
- 1 decade agoFavorite Answer
Nobody. It's simply that reinstating the uptick rule will have no effect at all. The market is not going down because people are shorting it. It is going down because hedge funds are forced to sell. It has nothing to do with short selling.
- Clark KentLv 71 decade ago
I agree with Mark S. The hedge funds are part of the selling, but there are mutual funds that people are liquidating, so the funds have to sell off their stocks to take care of redemptions.
Other people have lost half their money and sell out of fear of losing the other half.
I look for the market to drop another 15% or more before the next bull market begins.
