Today is  an interesting day. As you know by my posts, Ive been buying into the extreme weakness all week. Yesterday and now today are going to be absolutely huge for my accounts, however I think what he government is doing by eliminating short selling is horrid.

I’m a bit different than most of you. I have two businesses, one is long term investments and the other(which is my main business) is pure day trading. About 40% of my day trades are short sells. If this rule is too hold or expand it will essentially put me out of business.

I want to ask a couple of general questions for pondering.

Does this rule virtually ensure a crash someday?

Are we even a free market society anymore?

Does this put hedge funds out of business?

I manage a small funds of funds for family and friends and this could definitely change the way I evaluate fund managers.

I know this post is scattered and not well written but I’m so beside myself I cant think. I hope all of do OK today. Let me know what you think.