Meta thread on banning short selling & closing the markets.
A lot of the "so-called journalists" and TV anchors are shouting for the markets to be closed. First thing, these people no clue about how markets function. Hosting shows where they get other "geniuses"
A lot of the "so-called journalists" and TV anchors are shouting for the markets to be closed. First thing, these people no clue about how markets function. Hosting shows where they get other "geniuses"
to give Rs 1 target and 50paise stop loss stock tips to lure gullible suckers to watch their shows. There's no reason for these guys to ask for market closures. Yesterday, all of a sudden there were a flurry of tweets from these business TV characters
all at the same time. Which clearly shows someone is forcing these people to do this. But anyway, these guys won't know what short selling is if it came and punched them in the face. There have been plenty of incredibly smart people and me (10th fail, no smart) shouting about the
the idiocy of the arguments being made. I've never been a big fan of these biz news channels and have ranted as much as I can about their mostly uselessness.
So, collating all the best threads and tweets in this thread of threads on the topic.
nakedbeta.com/musings-rants/…
So, collating all the best threads and tweets in this thread of threads on the topic.
nakedbeta.com/musings-rants/…
Starting with the best. @SandeepParekh sire, had tweeted this magnificent and illuminating thread on the 2nd and 3rd order effects of closing the markets.
Here another masterful view from @niravstoons
From @Iamsamirarora
A counterpoint to why markets have to close from @VohiCapital. Reasonable people can argue but nonetheless, it's still a balanced perspective.
The same good sire had tweeted about why banning short selling is a bad idea.
Another thread by @iRadhikaGupta
Pithy view but perfectly summed up by @ShyamNation
My own take on closing the markets
The good professor's (@hemantmanuj) take on why closing the markets is a terrible idea.
On the hypocrisy of supposedly long-term investors wanting short selling to banned, markets to be closed.
Unless the exchanges, depositories, and clearing corporations publicly announce the continuing business in the face of disruption from the Corona pandemic is viable, all the armchair dimwits should shut the fuck up.
Next time you see these numbnuts tweeting these numbnuts saying such silly thing, tweet back at them using the hashtag
#ShutDownTVFinMedia
#ShutCNBCTV18Down
#ShutBloomberQuintDown
#ShutZeeBusinessDown
#ShutDownTVFinMedia
#ShutCNBCTV18Down
#ShutBloomberQuintDown
#ShutZeeBusinessDown
Missed a few tweets from @prathgodbole
