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September 26, 2008

The Ban on Short Selling List

We now have learned that the companies on the "no-short selling list," which were supposed to be financial companies, include CVS, Ford, GM, IBM, NYSE Euronext, GLG, Fortress and ICE.  These are not financial companies; they have some finanical operations.  Why not just put all companies on the no-short list that are in economic difficulty: Your earnings are falling by, say, 10% over the same quarter last yeear, you are on the list.  What a joke.  We should not have a "no-short" list at all; now it is expanding like a fast growing cancer to more firms and more overseas markets.   

September 26, 2008 | Permalink

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