Thursday, June 25, 2009
Short Selling of S&P 500 Increases for First Time Since March
Nothing was done by Congress to rein in speculation, short selling and other abusive trading practices. Oil prices have more than doubled and gasoline has been rising sharply despite high inventory levels. Now stock short selling is picking up and many firms will be targeted by short sellers just as they were last year. By the looks of things we will need to see the markets and economic conditions get dire enough to finally force some action here. Email your congressional representative and demand that abusive trading practicies and speculation be curtailed!