Tuesday, March 10, 2009

Uptick Rule is Back? Shorts are burned in anticipation. FXI, DIA, SPX, QQQQ, CZX.v, LUN.to, FCX, TNR.v, CUU.v,

Our "Stupidity and Corruption" monitor is coming back from overheat levels to more acceptable for modern democracies or falling apart Empires for that matter.

It took them a while, almost 6500 points in DOW to be more precise. Now we can be sure that those who was shorting American Dream into the ground have covered their shorts and went long at least for a while.

Can we borrow Barney Frank to Canada for a while, all his recent talk about jails which are ready for financial guys will help a lot with Naked Short Selling there.

Good news for Apple investors: Uptick Rule back under consideration by SECTuesday, March 10, 2009 - 02:16 PM EST
"A little while ago, Congressman Barney Frank [MA] hinted that the so-called 'Uptick Rule' was back under consideration by the Securities and Exchange Commission, and that it could be restored soon. The SEC moments later told our own Mary Thompson that before any rule changes would be implemented, there would be a healthy amount of public comment. So "soon" remains a nebulous concept, but it appears that there may be some movement on this front," Jim Goldman reports for CNBC.

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