(Wall Street Journal-MarketBeat Blog) One could suppose that the government’s next step to shore up the flailing equity market would be to order all sales to be on upticks only, or for floor traders to break out in spontaneous applause at the Big Board every 10 minutes, or something.
The equity market rebound over the last two sessions is probably more related to the talk of a government entity to buy some of the ugly assets held by the nation’s banks and brokerages — but the more heated rhetoric, including words out of President Bush, has been aimed at those that take short positions. “Short-sellers have been the historical scapegoats for weak markets and that trend continues,” says author and trader Michael Panzner.
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