We’re not sure whether to start this post on a sarcastic tone or not. The sarcastic start is “it’s too bad the short-selling ban expired, could the dear reader imagine how far stocks would have fallen without it?” But, the market did tank again today.
Instead, we’ll note that when such a ban is arbitrarily imposed during a seemingly negative event, most participants infer/conclude that the event is worse or much worse than they would have otherwise thought or were led to believe–possibly worse than anyone ever imagined. (By arbitrarily, we mean spur-of-the-moment and not due to a… Read the rest
