The SEC has added an additional 30 companies to the short selling ban. I am looking for the official announcement currently so I can’t confirm at this time. Apparently General Motors (GM) has been added to the list of companies that can’t be shorted. Yes, General Motors, the financial capital of the world (sarcasm). Market manipulation continues this morning in earnest.
Gold and Oil up, S&P futures now flat.
Experienced Day traders market only.
Recent Posts:
- Taxpayers to the Rescue of Afghanistan Banking Crisis?
- Economic Data and Earnings Schedule for September 2 2010
- Christina Romer Makes a Final Recommendation Before Leaving To Teach Keynesian Economics
- Homebuilder Hovnanian (HOV) Reports Dismal Quarter
- Auto Sales Data for August 2010
- Stock Market Rewind – September 1, 2010
More on this topic
(What's this?)
Guest Post: Top Oil Expert Says Geology is “Fractured”, Relief Wells May Fail and Oil May Le...
(naked capitalism, 8/19/10)
Gold: The Next 6 Months
(Expected Returns, 8/9/10)
Why The Gold Bears are Wrong
(Wealth Daily, 8/9/10)
