Uptick Rule Barney Frank March 10, 2009

Barney Frank is out today, March 10, 2009, saying that he expects the uptick rule to be restored within the next month. The Stock Market is running wild today, the news just keeps getting better. The uptick rule will slow down declines when the stock market is going down.

What is the uptick rule?

( From Wikipedia ) The uptick rule is a securities trading rule used to regulate short selling in financial markets. The rule mandates, subject to certain exceptions, that, when sold, a listed security must either be sold short at a price above the price at which the immediately preceding sale was effected or at the last sale price if it is higher than the last different price.

Stock Market Highlights Today - 3/10/09

Citigroup Profitability

Mark Haines Bottom Call

Now... Barney Frank's Uptick Rule Statement

Keep an eye on the Dow Jones going into the close because 6844 is where the 10 day moving average is currently located. A close over this level would be HUGE! you can see a new chart of this tonight - Right Here

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