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October 6, 2008
Todays Investment U E-Letter
Short Sellers and Speculators Are Heroes,
Not Villains
 
Issue #864 by by Dr. Mark Skousen, Advisory Panelist

I'm expecting a lot of nasty e-mails on this column, but the truth needs to be told. Short-term traders, especially short sellers, are often blamed erroneously for manipulating stock prices, forcing them down far below their real value, and for creating crashes and general chaos on Wall Street.

In fact, short sellers have been identified as so vile by SEC Chairman Christopher Cox that he has banned short selling for some 980 publicly traded companies. Chairman Cox and other critics of the market blame short sellers for several grievances…
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