Well the world did not crash last nigh as many had predicted...The ban on naked short selling was one of the reasons Lehman began its rise last night...
If this is enforced, ( I am suprised it has not already been enforced by fund managers who are lending thier clients stock for a small fee and then getting the funds assets back in such a condition that they put it in the bathroom) a rally should be on the cards sometime soon in financials.....
We all know the biggest short position on earth is in Financials in the USA and when this turns, Financials should pop back to reality...
It started last night with the drop in oil, the market moved well off its lows, if oil keeps going the a balance should be restored.....
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