Tuesday, March 24, 2009

The big news items

Off the wires.. no link

(US) REPORTEDLY, SEC IS WORKING ON UPDATED VERSION OF UPTICK RULE FOR APR 8TH MEETING
- Could include price test which would only allow investors to short stock if Bid price is rising
- Also considering circuit breakers for individual stocks to stop aggressive short selling.



March 23 (Bloomberg) -- U.S. stocks rallied, capping the market’s steepest two-week gain since 1938, as investors speculated the Obama administration’s plan to rid banks of toxic assets will spur growth and investor Mark Mobius said a new bull market has begun. Treasuries and the dollar fell.
http://www.bloomberg.com/apps/news?pid=20601087&sid=atgwohr1NWTs&refer=home

Treasury Department Releases Details on Public Private Partnership

http://treasury.gov/press/releases/tg65.htm

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