The SEC has just guaranteed that market volatility will continue for at least 11 more trading days.

“The U.S. Securities and Exchange Commission (SEC) Wednesday extended its ban on short selling of stocks for a number of financial institutions.

The SEC announced that its temporary prohibition of short selling in the financial companies would be extended beyond its currently scheduled expiration on Friday, a move the Commission said would allow time for the passage of legislation to stabilize the credit markets and financial system.

In a release, the SEC said the short selling ban would remain in place, but would not be extended beyond 11:59 PM Eastern Time on October 17.”

Leaving sufficient cushion time to rework the bill if it doesn’t get passed by the House are we? S’ok man. I will use the inverse etfs and inverse mutual funds to do my bidding.

Thanks for reading

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