They are just doing these for Nov 4. After that all hell breaks loose.
They just banned short selling in US
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They are just doing these for Nov 4. After that all hell breaks loose.
The thing that cracks me up is that barely does the goverment reveal that it is planning to do this and all hell breaks loose and the lemmings start buying in. Either that or there was one hell of market manipulation going on yesterday. Even the UK market here is up close to 400 points today! WTF!! If the general economic sentiment was sound I would be all for it. Is this a valid rally with all the negative economical sentiment??? Am I the only one that is baffled by what is going on?????
SEC bans short selling in 799 financial stocks
Regulator says ban is needed to protect market integrity
By Simon Kennedy, MarketWatch
Last update: 5:52 a.m. EDT Sept. 19, 2008
Comments: 17LONDON (MarketWatch) -- The Securities and Exchange Commission early Friday issued an emergency order temporarily banning short selling in the shares of 799 financial institutions.
The regulator said it was acting in concert with the U.K.'s Financial Services Authority, which announced a similar ban on Thursday, and added the move was needed "to protect the integrity and quality of the securities market and strengthen investor confidence."
The ban takes effect immediately and runs until midnight on Oct. 2. The SEC said it may extend the order if it's necessary to protect investors, but it won't last more than 30 days.
Regulator says ban is needed to protect market integrity
By Simon Kennedy, MarketWatch
Last update: 5:52 a.m. EDT Sept. 19, 2008
Comments: 17LONDON (MarketWatch) -- The Securities and Exchange Commission early Friday issued an emergency order temporarily banning short selling in the shares of 799 financial institutions.
The regulator said it was acting in concert with the U.K.'s Financial Services Authority, which announced a similar ban on Thursday, and added the move was needed "to protect the integrity and quality of the securities market and strengthen investor confidence."
The ban takes effect immediately and runs until midnight on Oct. 2. The SEC said it may extend the order if it's necessary to protect investors, but it won't last more than 30 days.
The Dems want the economy weak so there man gets elected. dem do control congress. But it may be everyman for himself.
What I find truly amazing is we have no negative GDP yet and everyone is running aroud with there head cut off.
WFC,BAC,JPM,C won't fail. GS,MS thats another story. I could care less if an investment faisl they do nothing for me. My personal back does.
The fed mt get alot of heat for bailing out I banks so thsy are tring to think of way to help with out looking like there helping.
Set up a dummp corp, and dump your shit here. The I banks have 90% of the crap know one wants.
Thats the problem, ther are plenty of private guys with piles of cash, if they don't want it, why should the tax payer get stuck with it?
Keep forgetting were not a capaltist nation anymore.
