Today the Dow dropped a cool 777 points, ending at 10,365.
But I thought when Christopher Cox, SEC Chairman, made it illegal to short stocks, that it was supposed to prevent meltdowns like this?
Don't worry Chris. It'll all be better when The Paulson Plan XXIIV is finally passed. Good Ol' Hank will then begin to buy actual stock of certain companies on behalf of the US Gov't so as to make sure the stock prices of those privileged companies (*cough*GoldmanSachs*cough*) won't decline. Talk about a buy and hold strategy - Buy and Never Sell.