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SKF UYG and XLF all negative?
- Thread starter xcalaktrader
- Start date
Overview of why these ETFs are behaving as they are.
http://biz.yahoo.com/etfguide/080922/33_id.html?.v=1
http://biz.yahoo.com/etfguide/080922/33_id.html?.v=1
When will they lift the ban on short selling? October 2 supposedly.
The problem is the SEC qualifies this date with the phrase:
"unless further extended by the commission"
They can at whim extend it to December 31, 2008 or any date they desire.
The problem is the SEC qualifies this date with the phrase:
"unless further extended by the commission"
They can at whim extend it to December 31, 2008 or any date they desire.
Day trading futures is the only "safe" thing right now, ETFs are screwed up and many traditional hedges are also broken. Trying to trade any kind of macro view is also hazardous due to the way the market is being manipulated by non market forces.
Mysharona2, even if they lift it they can reinstate at anytime, how can you trade the financials with that overhang. Like trying to play soccer with some guy moving the goal posts just as you draw back to strike the ball.
Mysharona2, even if they lift it they can reinstate at anytime, how can you trade the financials with that overhang. Like trying to play soccer with some guy moving the goal posts just as you draw back to strike the ball.
Quote from jasonjm:
from your article
"The ban will be in force until October 2, 2009. It wouldn't be out of line to assume that the ban will be extended if financials continue to slide."
am i reading that right?
The same crooked thinking that led to the ban: "Financials Tank: lift ban then they tank even more. Financials rally: See what shorting has been preventing?"
You would think if financials continued to slide it should prove shorting wasn't to blame thereby ban lifted? Wait.. too logical.
If financials continue to slide, wouldn't it be logical to forget about extending the ban, because obviously it isn't the answer?Quote from jasonjm:
from your article
"The ban will be in force until October 2, 2009. It wouldn't be out of line to assume that the ban will be extended if financials continue to slide."
am i reading that right?