Tuesday, July 28, 2009

Speculators are "now" a force in oil

Now? Only now the CFTC realized what everyone already knew? Now they can tell the world they really have their arms around the problem.

Maybe they should now regulate HGH in Hollywood!

The Commodity Futures Trading Commission plans to issue a report next month suggesting speculators played a significant role in driving wild swings in oil prices -- a reversal of an earlier CFTC position that augurs intensifying scrutiny on investors.

And shortsellers, now seem to have been recognized as a force in the market crash also. So now we see this:

US regulators will share more detailed information on short-selling activity with the public as they move to boost transparency of the trading that was blamed for fuelling market turmoil during the financial crisis.

The US Securities and Exchange Commission said on Monday that in the coming weeks, aggregate short-selling volumes in shares would be published on a daily basis while information about short-sale transactions in all publicly traded shares would be provided with a one-month delay.

Just leave the HFT boys alone!

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