One thing seems to be certain: when housing recovers it will be late to jump back.

>At least put the uptick rule back in place. If they can get a handle on the short selling and get an RTC type thing going, I would be inclined to jump back in the market even before the housing recovers, but we need to end the daily drama.
>
>Bob
>
>>I wonder if Clinton and Schumer really expected that their call to ban short-selling will be adopted. It may unleash market rally of giant proportions.
>>
>>>Interesting also that a temporary ban has been put on shorting bank stocks. Normally there would be great gnashing of teeth over interference with the free market (and there probably is). But I guess it's clear at this point that we don't have a free market. They simply don't work without oversight and occasional intervention.
>>>
>>>Seemingly daily interventions, now that's a little scary. I wasn't around in the 1930s so haven't seen anything like this before in the U.S.
>>>
>>>>Well it looks like they have so many problems now; they can no longer wait to do it over the weekend only, almost 24/7 now. I am now hearing Hank, Ben, and several committees in congress are looking to do a RTC type bailout. Although it will be expensive, it is the right move to make if we ever want to put this behind us.
>>>>
>>>>Bob
>>>>
>>>>>>>Another one bites the dust
>>>>>>>http://english.aljazeera.net/business/2008/09/200891551219215862.html
>>>>>>
>>>>>>
>>>>>>Did you miss the whole threads on that days ago? They filed on Sunday.
>>>>>
>>>>>Now the question remains, who goes down this weekend? There's a lot more to do, and so little times. Every week has only one weekend, and we all know the least painful way to cut a cat's tail: a centimeter a day... i.e. they have to do this, whatever they're doing, bit by bit. Now, which domino falls next weekend? Virtual betting remains open next 24 hours.