Meltdown Monday
It was another black Monday for Wall Street after the Congress hasn’t passed the mother of all bailouts. I will skip the details, as the whole press world is doing already a very good job at covering what’s happening.
Just one quick point. The Dow closed at the very bottom, lacking the support of the short sellers that (guess what?) would have been around to cover the short positions mitigating a very horrific day. All righty, it was a generalized sell-off, and shorts were not prohibited on the broader indices. But, you know, with rules changing faster than the London weather, who dares shorting? Better stay cash.
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