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Last week, the American Bankers Association urged federal regulators to investigate the sudden surge of short sales on publicly traded banking equities. The Association described the short sales and the resulting stock price failures as "disconnected from the underlying financial realities.”
The big takeaway here—we simply don’t have enough visibility into short selling. We can’t know the possible extent of abusive short-selling practices, especially in light of recent banking failures.
We also discuss briefly the 24 hour trading that Robinhood has recently rolled out. (Three words- IT'S A TRAP!)
No transcript available for this episode.
Let's Talk Markets