The wild roller coaster continues.
Dow up 423.37 (3.95%) to 11,143.31
S&P 500 up 51.88 (4.63%) to 1,172.64
Nasdaq up 111.63 (4.69%) to 2,492.68
France, Italy, Spain and Belgium ban shorting financials. I venture to guess that it’ll only exacerbate the situation. In effect, they are admitting that the financials are weak. Serious investors will simply go and buy put options on financials.
