Proposed Short Selling Ban is Insane

When the SEC temporarily banned short selling on select financial stocks, it would only be a matter of time before the ban spread to the rest of the market. That's what happened today when SEC Chairman, Chris Cox, presented the plan to Congress.

US Stocks Retreat on Inflation Concern, Housing Data, Losses

U.S. stocks tumbled for a second day after wholesale prices climbed twice as fast as economists projected, housing starts fell and concern grew that the nation's biggest financial firms will post more losses.

Don't blame the oil 'speculators'

Here's a suggestion: The next time a Congressional committee wants to hold a hearing on how "speculators" are driving up oil prices, each committee member should first be required to demonstrate - preferably in their opening remarks - a basic understanding of the mechanics of fut …

Black Tuesday Coming?

Asia Stocks Fall, Extending Global Slump as Bear Market Spreads Asian stocks tumbled, extending a global slump that has wiped more than $5 trillion from stock markets this year, on concern world economic growth is faltering. *** Global Slump

The Raw Story | White House rejects responsibility for oil price spike

The White House on Friday rejected any suggestion that sky-high oil prices stemmed from new US sanctions against Iran and escalating US rhetoric against the Islamic republic.