By ending all short sales in the weak financial companies, the SEC has put themselves in a very unussual spot.
What if the stocks don't rally? What if they just keep going down and blowing up?
Our resident mad scientist says that with Wells Fargo's better than expected earnings, and the SEC decree, we could see a big rally in the financials.
Maybe.
But what the heck are they going to do if the rally fails to materialize? Get Congressional authorization to buy any and all financial equities that the Treasury sees fit?
I don't know... I gotta think about this some more... but SOMETHING just ain't kosher.
Good Luck!
Mentatt (at) yahoo (d0t) com
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2 comments:
As long as the trade settles. So long as people accept the decidollar for settlement.
It is only a matter of time before "they" give you "money" for your stocks, your house, your car, your kids etc.
I don't think we are in Kansas anymore.
I don't know about the government, but I just ordered another case. The future ain't lookin' too bright.
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