Comments on: Good-Bye and Good Riddance to Chris Cox http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 22:30:38 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: algernon http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/comment-page-1/#comment-141154 algernon Fri, 23 Jan 2009 02:37:58 +0000 http://www.ritholtz.com/blog/?p=16996#comment-141154 "Apparently, he was unaware that fierce market selloffs are often slowed by short sellers covering their positions (to lock in profits on their bearish bets)" Barry, of them all, I find this the most effectively damning criticism of Cox. Republicans have done so much to falsely blacken the image of capitalism “Apparently, he was unaware that fierce market selloffs are often slowed by short sellers covering their positions (to lock in profits on their bearish bets)”

Barry, of them all, I find this the most effectively damning criticism of Cox. Republicans have done so much to falsely blacken the image of capitalism

]]> By: napster http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/comment-page-1/#comment-141136 napster Fri, 23 Jan 2009 01:47:52 +0000 http://www.ritholtz.com/blog/?p=16996#comment-141136 Cox isn't incompetent. He did it on purpose. He wanted to wreck the economy and the financial system. That's what his masters want. He will now be taken care of with sinecures by the royalty. Because if government fails and goes bankrupt, the power defaults to the financial elite. Okay, maybe I'm just be careless with my sarcasm, but I wouldn't flinch if the the utter stupidity of the last 8 years was actually really intelligence applied for all the wrong reasons. After all, despotism is best that becomes carried forth by smart individuals, picked and hired by the aristocracy. Cox isn’t incompetent.

He did it on purpose. He wanted to wreck the economy and the financial system. That’s what his masters want. He will now be taken care of with sinecures by the royalty.

Because if government fails and goes bankrupt, the power defaults to the financial elite.

Okay, maybe I’m just be careless with my sarcasm, but I wouldn’t flinch if the the utter stupidity of the last 8 years was actually really intelligence applied for all the wrong reasons. After all, despotism is best that becomes carried forth by smart individuals, picked and hired by the aristocracy.

]]> By: Dr. Kenneth Noisewater http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/comment-page-1/#comment-141108 Dr. Kenneth Noisewater Thu, 22 Jan 2009 23:06:36 +0000 http://www.ritholtz.com/blog/?p=16996#comment-141108 Speaking of <a href="http://www.amazon.com/exec/obidos/ASIN/0071609059/thebigpictu09-20" rel="nofollow">the book</a>, any update on if/when autographed copies will be available? I'm pretty pleased that I was able to preorder a signed copy of <a href="http://www.amazon.com/Moment-Truth-Iraq-Greatest-Generation/dp/0980076323" rel="nofollow">Michael Yon's</a>.. Speaking of the book, any update on if/when autographed copies will be available? I’m pretty pleased that I was able to preorder a signed copy of Michael Yon’s..

]]> By: eleanorpagedarby http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/comment-page-1/#comment-141105 eleanorpagedarby Thu, 22 Jan 2009 22:58:47 +0000 http://www.ritholtz.com/blog/?p=16996#comment-141105 Aside from the slight-of-hand with the numbers in Cox's statement, since when is increasing staff an indicator of success? It was in communist enterprises, but successful organizations typically focus on measures of results. Aside from the slight-of-hand with the numbers in Cox’s statement, since when is increasing staff an indicator of success? It was in communist enterprises, but successful organizations typically focus on measures of results.

]]> By: Dr. Kenneth Noisewater http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/comment-page-1/#comment-141068 Dr. Kenneth Noisewater Thu, 22 Jan 2009 21:34:32 +0000 http://www.ritholtz.com/blog/?p=16996#comment-141068 Maybe he can go off and hang out with his <a href="http://www.stickam.com/viewMedia.do?mId=177769255" rel="nofollow">cousin Chubby</a>... (starting at 6:44 , but the whole thing is classic...) Maybe he can go off and hang out with his cousin Chubby…

(starting at 6:44 , but the whole thing is classic…)

]]> By: Moss http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/comment-page-1/#comment-141053 Moss Thu, 22 Jan 2009 21:14:09 +0000 http://www.ritholtz.com/blog/?p=16996#comment-141053 @mark mchugh: I believe you are correct to some extent since the uptick rule would not have allowed the offer prices to be lower and lower and than have the market sell orders always get a hit. It most definitely has added to the incredible volatility. @mark mchugh:

I believe you are correct to some extent since the uptick rule would not have allowed the offer prices
to be lower and lower and than have the market sell orders always get a hit.

It most definitely has added to the incredible volatility.

]]> By: gnomic http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/comment-page-1/#comment-140984 gnomic Thu, 22 Jan 2009 17:38:48 +0000 http://www.ritholtz.com/blog/?p=16996#comment-140984 I'd salt the earth behind him... but I can't afford the salt! I’d salt the earth behind him… but I can’t afford the salt!

]]> By: dwkunkel http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/comment-page-1/#comment-140967 dwkunkel Thu, 22 Jan 2009 17:17:25 +0000 http://www.ritholtz.com/blog/?p=16996#comment-140967 I'm all for reinstating the up tick rule for shorts as long as we institute a down tick rule for longs. I’m all for reinstating the up tick rule for shorts as long as we institute a down tick rule for longs.

]]> By: mark mchugh http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/comment-page-1/#comment-140952 mark mchugh Thu, 22 Jan 2009 16:52:04 +0000 http://www.ritholtz.com/blog/?p=16996#comment-140952 I don't see how you can maintain an orderly market when you've got a thousand sellers and a thousand shorts (without a buyer in sight), and you have to make prices for everyone. It becomes a fire sale at the expense of the remaining shareholders (the losers). I don’t see how you can maintain an orderly market when you’ve got a thousand sellers and a thousand shorts (without a buyer in sight), and you have to make prices for everyone. It becomes a fire sale at the expense of the remaining shareholders (the losers).

]]> By: Thisson http://www.ritholtz.com/blog/2009/01/good-bye-and-good-riddance-to-chris-cox/comment-page-1/#comment-140943 Thisson Thu, 22 Jan 2009 16:38:19 +0000 http://www.ritholtz.com/blog/?p=16996#comment-140943 Mark, Your theory doesn't make much sense to me. In each transaction, there is a winning and losing side of the trade. Wealth doesn't disappear, it just changes hands. The way wealth would be vaporized would be through inflation (increase in money supply). What I'm trying to understand is whether we can simultaneously have deflation (falling prices) and inflation (increase in money supply). I suspect that we can. Mark,

Your theory doesn’t make much sense to me. In each transaction, there is a winning and losing side of the trade. Wealth doesn’t disappear, it just changes hands. The way wealth would be vaporized would be through inflation (increase in money supply).

What I’m trying to understand is whether we can simultaneously have deflation (falling prices) and inflation (increase in money supply). I suspect that we can.

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