[LINK] o/t US markets bottomed out?

[stephen at melbpc.org.au]

So this week the US stock market hit a 12 year low, then re-bounded 10%
on news that short-selling rules may be re-instated .. hope it happens!

Imho it's possible the US market bottomed out, and better times are ahead


http://www.australianinvestor.com.au/newshome.asp

"On Monday both the Dow and S&P 500 ended at 12-year lows, but shares 
have bounced back since then, with the Dow up 9% for the week, the S&P 
500 up 10.7% and the Nasdaq up 10.6%. 

Contributing to the market’s rebound was talk about reinstating 
the ‘uptick rule’ which limits short selling - and changing mark-to-
market accounting. 

While the four-day rally was a confidence-booster, investors will be 
tested next week to see if they can sustain and extend the rally.."

and http://en.wikipedia.org/wiki/Uptick

The uptick rule is a securities trading rule used to regulate short 
selling in financial markets. The rule limits the timing of short sales.

The SEC eliminated the uptick rule on July 6, 2007

and, http://en.wikipedia.org/wiki/Uptick_rule

On March 10th, 2009, the SEC, and Rep. Barney Frank, Chairman of the 
Financial Services Committee announced plans to restore the uptick rule. 
The SEC stated it plans to hold a hearing as early as April. Frank said 
he was hopeful that it would be restored within a month.

--

Cheers,
Stephen