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Pre Market - Shorting is Back
Posted: October 9, 2008 at 9:23 am by Chuck
I was thinking there would be a last minute change of heart from the SEC and they would extend the ban on short selling. But that did not happen and thank goodness, the ban on short selling was stupid and complete nonsense.
Jobless Claims:
INITIAL CLIAMS: 478K V 475KE; CONTINUING CLAIMS: 3.659M V 3.608ME
- Prior Initial Jobless Claims from 497K to 498K
- Prior Continuing Claims revised from 3.591M to 3.603M
I’m expecting another wild ride in the market today. Hang tight!
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-jpy-small.gif)
![[US Dollar Index]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
they must have very sophisticated algorithms with human error elimination to calculate those numbers…even in planned economy it would be hard to have such a consistency:) market is not interested in this *** anymore