Ban on Short Sales Works....
Just read this:
Financial firms whose shares were blocked from short sales declined roughly 12.8 percent since the ban started on Sept 19. This compares with a 17.8 percent drop in S&P500. - TFS Capital Analyisis.
The emergency ban expired at midnight Wednesday. The ban resulted in 41 percent fewer shares on loan!!!!
We are down 168 now at 1435 ET. We should be up. Asia was up around 3 percent last night. The difference is the short selling.