RE: Shorting - Time for a level playing field31 Dec 2023 07:29
"The markets managed for hundreds of years before shorting was invented."
'Or do you mean 100s of years before 1609 ?
You really do not have a clue do you?'
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'Stock Market Timeline
Here is a timeline of major events in the stock market’s history:
• Late 1400s: Antwerp, or modern-day Belgium, becomes the center of international trade. Merchants buy goods anticipating that prices will rise in order to net them a profit. Some bond trading also occurs.
• 1611: The first modern stock trading was created in Amsterdam. The Dutch East India Company is the first publicly traded company, and for many years, it is the only company with trading activity on the exchange.'
https://www.sofi.com/learn/content/history-of-the-stock-market/
I see no mention of short selling, naked shorts or the type of vicious modern shorting going on in simple markets hundreds of years prior to the 1600s, as the poster originally mentioned. The first person to apparently 'short' a stock on record in Europe was Isaac Le Maire of the Netherlands in the 1600s. Additionally, the kind of shorting that would go on in the 1600s onwards would be a small, select and pale wisp compared to what it is in our modern industrialised and giant corporate tech-driven times.
So yes, basic, 'what you see is what you get' trading clearly occurred successfully for hundreds of years prior to the 1600s.