Wednesday, September 17, 2008

SEC Changes Short Seller Rules

This is just out and it should help the markets, especially the financial stocks. The short sellers have been allowed to create more shares because they do not have to borrow stock to sell short. The Dow is down 189 points at 9:21 AM.

Update: Well that move that takes effect Thursday morning sure didn't help very much, the Dow Jones 30 was down 449 points.

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