October 9, 2008

Good thing the S.E.C. banned short selling in financials

By Kevin

I didn’t like it when the SEC banned short selling in financial stocks. Well, check this out post from the outstanding blog Crossing Wall Street,

Great moments in government

September 19, 2008: S.E.C. Temporarily Blocks Short Sales of Financial Stocks
Financial Select Sector SPDR (XLF) closes at $22.38

October 1, 2008: S.E.C. Extends Ban on Short-Selling
Financial Select Sector SPDR (XLF) closes at $20.67

October 8, 2008: A Debate as a Ban on Short-Selling Ends: Did It Make Any Difference?
Financial Select Sector SPDR (XLF) closes at $15.28

Also, don’t miss the Headline of the Day!

One Response to “Good thing the S.E.C. banned short selling in financials”

Todd Van Hoosear Says:
October 10th, 2008 at 12:18 pm
And I think they’re still talking about forcing larger investors to lay down their cards and reveal their shorts at the end of each day. What good will that do, especially in a bear market? All it will do is give other investors more reasons to be concerned about the health of stocks. None of this makes any sense…