The SEC released a comprehensive list of securities that are banned from being sold short. Presumably this will help the affected securities like AIG recover.

What this means is for the next 10 days, possibly 30 if they extend it, you cannot short any of the stocks on the list. Most are financial institutions and insurance companies related to finance.

The whole list is here.

Today, the DOW has recovered nearly 500 points and the tech heavy NASDAQ  is up 81 points. Should we be celebrating in the streets? Is the financial crisis over now because short selling stocks has fixed all problems? Sadly, no.

There are still horribly run companies out there that are failing because of poor management and bad decisions regarding housing, finance and investments. Stopping short selling is only a temporary fix. It’s like plugging a tiny hole in a dam that is waiting to burst.

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