written by reader Banyan’s predication of 70% market drop due to change in Rule 10b-18 (stock repurchases) after August 1st SEC meeting

By sroussey, June 22, 2018

I know some congressmen and some SEC personnel have suggested making changes recently, but what are the chances of it really being repealed? I could see some small changes happening, but I don’t think anyone would really cut it.

https://pro.banyanhill.com/p/CRASH/PSCEU603/?h=true

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meassassin
Member
July 11, 2018 1:55 pm

Soooooo, anyways, any of you market gurus have some thoughts? They sure make a good case for the little guys destruction.

👍 22
Brett S
Guest
Brett S
July 17, 2018 1:18 pm

Yes, quite the exaggeration. This is the only minor revision the SEC will make to 10B 18 which will not affect the stock market:
https://www.briefinggovernance.com/2018/06/sec-commissioner-jackson-calls-for-restrictions-on-stock-buybacks/

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