When I read horrifically ill-researched articles like THIS one by just-out-of-college-should-have-stayed-and-learned-more-how-the-financial-markets-work-instead-of-relying-on-sources Louise Story, I get angry. No way should this dumb little girl be given a pulpit from which to preach.

When I read articles like THIS that shows the SEC is even more incompetent than anyone ever imagined, I cringe. No way should the SEC continually blame short sellers for economic and business sins that are only now catching up to everyone.

You see young Louise and the underfunded SEC both fail to understand basic market reality–these firms are so poorly run that it’s sad that ANYBODY bought into their house of cards. It’s a tragedy that more people aren’t familiar with short selling of they’d have been able to profit from the problems instead of having to complain about them after losing too much money.

Sure, sure, people will say short sellers are abusing these troubled times, they need to be reigned in, but what short sellers do is no different than what longs and buyers do in good times, talk about their positions and why they believe they’re correct. Short sellers usually lose $ and that seems to be fine with everyone–as it’s unpatriotic to short sell (or so some say)–but when they’re making $, then the strategy is used as a scapegoat everywhere.

Of course, non-business-minded people who try to cover the business world, are bound to fail miserably, like the SEC and wannabe financial reporters (these peeps make like $50k a year aka they’re little smarter than janitors, excuse me, “sanitation engineers”, so they read their study guides but lack the ability to connect abstract concepts such as bad business=stock should go down, with or without short sellers, can never detach themselves from their petty human sentimentalities to deal with the cold hard reality.)

So try to block us from short selling shitty firms, seriously, it’s fine. Think naked shorting is really he problem here, LOL, sure, whatever helps you sleep at night. I do have to ask, didn’t we try this a few weeks ago to no avail and now we’re in the EXACT same position?

Seriously, it’s fine, we’re use to dealing with idiots. Whether it’s people who run the businesses, investors who believe em, those who regulate them or those who write about them, misconceptions are abound and no amount of reason or explaining will ever help cuz human nature/greed/gullibility doesn’t change and sadly, that’s what most people give into.

The good news is this is a prime example of why PennyStocking works so well…

Tags: Basics, Financial Media Circus, idiots, Short Selling