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Tuesday, September 23, 2008

Reversal underway with the dow minus 160 and now flat-ish. MLPS went from minus 7 to minus 5.

4 comments:

Anonymous said...

From thestreet.com

Traders are starting to receive warnings that forced buy-ins of shorts are going to start occurring. Today is trade date plus 3 (T + 3) following the SEC Emergency Order dealing with naked shorts. That means if you don't have actual shares borrowed your short will be covered automatically.
This might give the market a little boost but be aware of what is driving things.

Anonymous said...

How about a day where the AMZ is just flat? Not up or down 8 points intraday!!!

Anonymous said...

We're melting.

Well there goes our chance to close even.

Anonymous said...

DSen. odd Killed the 3:00 rally?

----------------------------------
U.S. rescue plan 'unacceptable' in current form, Dodd says

By Robert Schroeder
Last update: 3:18 p.m. EDT Sept. 23
WASHINGTON (MarketWatch) -- The U.S. Treasury's plan to rescue the financial system by buying bad assets from companies is "unacceptable" in its current form, Senate Banking Committee Chairman Christopher Dodd, D-Conn., told reporters following a hearing in his committee with top U.S. financial officials Tuesday. "This is not going to work" the way it's written now, Dodd said. Dodd and other senators are seeking to add aid to homeowners and strict oversight to the plan.