S&P 500 Trading Action

Whether you agree with the $700 billion TARP plan or not, this has been a case study on the worst of partisan politics.  With futures down 150 points, it was interesting to hear commentators on CNBC mention this morning that "at least the market is not reacting all that bad."  Unfortunately, they seem to have forgotten that there is a "No Short" rule in place on all Financial stocks and then some.  With the action in the credit markets over the last couple of days, it's pretty safe to say the futures would be much worse if shorting were allowed.

Comments

[ValueInvestor:]

CNBC is simply a bunch of fools saying foolish things.

2008 Sep 26 04:17 PM

[TinyMIghty:]

Bloomberg covers the main street better.

2008 Sep 26 06:16 PM

[Indexor:]

"Whether you agree with the $700 billion TARP plan or not, this has been a case study on the worst of partisan politics."

I agree. As Dennis Kneale stated on CNBC yesterday: "We should all vote against every single incumbant running for re-election."

2008 Sep 27 01:56 PM

[messy:]

You have to be a good looking woman idiot to get hired by CNBC,,,THAT IS THE MAIN QUALIFICATION!

2008 Sep 28 08:10 AM