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Commentary Topic from greenfaucet

US Gov't Pulls Out All the Stops, But Traders Still Believe in Perfect Storm

The US government is pulling out all of the stops but the market is not convinced that the storm has passed. The price action in everything from stocks, bonds, the US dollar and gold indicates that every new rescue is having less of an impact. The government's shock factor is disappearing. In addition to spending $85B to bailout AIG, the SEC has also issued new short selling rules that prohibits naked short selling in all US equities. Their goal is to reduce volatility and so far, it hasn't worked.