Tuesday, September 23, 2008

FSA & Popular Press baffled by share price falls

Well that must have them confused. Short selling of financial stocks has been banned but prices have still fallen this morning.
  • Barclays -5.4%
  • RBS -6.8%
  • HBOS -11.1%
  • Lloyds TSB -7.6%
  • Standard Chartered -5.9%
  • Bradford & Bingley -13.3%
This can only mean one thing - potential buyers are forcing prices down by sitting on their hands and sellers are accepting the lower prices. To quote the Finextra blogger from yesterday, what a bunch of evil murderers.

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