It's Your Money

You can manage it



<< Previous entry: More AIG problems in plain sight

>> Next entry: Is the Dow safe now?

Wall Street's crazy week: Relief has arrived


Whew.

For the moment, I'm not afraid to check on the markets.

I think the most crucial step, of the many announced this morning, was the shoring up of the money
market mutual funds. That should restore some investor confidence.

And of course, stopping the shorting of 799 financial stocks.

I don't know what will happen when that ban expires in October.

But for the moment, I'm relieved.

What do you think of this crazy week on Wall Street?

Categories: Wall Street (25)
submit to reddit
add to delicious


Comments

Harriet,

Rules banning shorting accomplishes NOTHING.

It's still very easy to short these stocks. The FEDs are too ignorant to understand, but you are an intelligent journalist.

Any one can buy put options (and or sell call options) to establish a short position in the underlying stock. It's perfectly legal and there's nothing that can be done by the FEDs to stop it.

There is nothing immoral, unethical, or wrong with shorting stocks. Why does everyone have to be bullish all the time?


Leave a Reply

COMMENT BOARD GUIDELINES:

You share in the SunSentinel.com community, so we just ask that you keep things civil. Leave out the personal attacks. Do not use profanity, ethnic or racial slurs, or take shots at anyone's sexual orientation or religion. If you can't be nice, we reserve the right to remove your material and ban users who violate our Terms of Service.


Post a comment


To help keep spam off our site, please enter the letter "i" in the field below:
Advertisement
About the author
You've got the job of managing your money. No one in school taught you how. But you and I, we can teach each other, how to handle it, how to save for retirement, how to make money last, how to educate the kids, how to make a budget work. The conversations I have with my readers are fun. Money's important, but discussing it does not have to be boring.

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance columnist for the Sun Sentinel, is an award-winning business reporter. Her columns for 2008 were named "The Best in the Business," a national award chosen by her colleagues at the Society of American Business Editors and Writers.

Brackey has worked at Business Week magazine and at USA TODAY, where she was a founder and part of the original staff of the Money section at the country's first national newspaper. After nearly 11 years there - spent covering the 1980s bull market, the insider trading scandals, the 1987 crash - Brackey left Washington, D.C., and came to The Miami Herald. She spent the next decade writing a column about personal finance that chronicled the stock market's Internet boom and bust, as well as the popular Money Makeover features.

Brackey also has done commentaries for Marketplace Money, which airs on National Public Radio and The Nightly Business Report which is broadcast on more than 250 PBS television stations nationwide. She also has been a radio guest on WLRN’s Miami Herald News.
Connect with me
Search this blog
Get text alerts on your phone


Send me the following alerts:

STORM - Weather Alerts
NEWS - Breaking News Alerts
LOTTO - Lottery Numbers
SPORTS - Breaking Sports News
BIZ - Business news headlines
ENT - Entertainment news headlines
DEALS - Free offers and money saving deals


You can also sign up for by texting any of the above keywords to 23539. Standard messaging and data rates apply.
E-mail newsletters
Get the news that matters to you delivered to your inbox. Breaking news, hurricane alerts, news from your neighborhood, and more. Click here to sign up for our newsletters. It is fast, easy and free!