No i am not talking about naked short selling, but short selling in general. WTF! i never in my wildest dream thought it will come to this. Just today i was talking to my coworker that us will never ban short selling like the brits, it would be the end of the free market. WTF?!?!? anyway cnbc said it's temporary, lets see if it goes through
"Breaking NewsSEC intends to temporarily ban short selling, but it's not clear if the commission has approved the move. Cox is briefing congressional leaders. Separately, the government is seeking congressional authority to buy distressed assets." it's on the breaking news headline on http://www.wsj.com
Apologies then, newguy. This is just so amazing and fucking stupid. I feel like I am in the twilight zone.