Financials To Resume Meltdown Momentarily [View article]
I heard, over CNBC this morning (8/13/08), that naked short selling ends today. So, it is no longer a mere "rumor".The CNBC anchor then proceeded to comment, along with her guests, that price of financials are expected to decline as a result. So our poster's theme is essentially correct. Of course, we'll see how the market actually reacts to this event. I am unclear, however, whether the nakes shortsale rule ends at the opening or at the close of business today (8/13/08), though, thru inference, it is more likely the former.
Wall Street Breakfast: Must-Know News [View article]
When a company reports a loss, say 10 cents, it is difficult to assess what is meant by "missed by 003" -- does that mean the estimated loss was 7 cents or 13 cents?
Financials To Resume Meltdown Momentarily [View article]
Wall Street Breakfast: Must-Know News [View article]