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BTW..The temporary ban on short-selling was lifted today -- you think they are back in business?

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TheCoxwain Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:42 PM
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BTW..The temporary ban on short-selling was lifted today -- you think they are back in business?
and crashing the Dow
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BuyingThyme Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:44 PM
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1. Rich Sanchez is certainly in good spirits.
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Joe Chi Minh Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:50 PM
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2. It was never the real problem, was it? A deliberate red herring.
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orwell Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:53 PM
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3. Not so fast...
...the averages were tanking every day when the short sale ban was in effect.

The market really came unglued today when GM and GMAC's credit rating were rumored to be cut by S&P.

We are in a financial meltdown. There are more sellers than buyers. Mutual funds, both stock and bond, had net redemptions of 77 billion last month alone. They have had 50 billion in the first week of October alone.

That is not short selling, that is long selling.
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