Keep your stocks and sell the president.
WASHINGTON, DC - In a bid to shore up investor confidence in the face of the spiraling market crisis, the Securities and Exchange Commission temporarily banned all short-selling in the shares of 799 financial companies. Short selling is a time-honored method for profiting when a stock drops. The ban took effect immediately Friday and extends through October 2. The SEC said it might extend the ban - so that it would last for as many as 30 calendar days in total - if it deems that it is nec essary. You remember, several years ago, when the country was in the throes of an energy crisis? The thought-over solution proposed by the Bush administration was to extend Daylight Savings Time an extra six weeks - from March to November, making Standard Time practically non-existant. Now, with the country in the throes of an economic crisis, the Bush administration's solution was to ban short selling of financial stocks by stock traders. When a trader shorts a stock, he is aiming to profit f...