Wednesday, September 17, 2008

Down Pays

Markets continue under pressure the morning after the Fed's intervention of AIG. Lack of leadership among any sector has the early action testing the lows for the move to see if there is another leg lower. Various attempts to limit downside action such as restrictions on naked short selling will be supposedly enforced by the SEC.

Down still pays at the trading operations of the world and until repeated downside attempts are repelled this will not change.