IS THE SEC READING BEN STEIN?

According CNBC, the SEC is contemplating putting the uptick rule back into effect. This will help out. On the other hand, CNBC reports that the SEC does not look like it would back changing the mark-to-market rules.

One of our followers commented offline that the SEC also should not have allowed ETFs that double and triple short the market without any margin requirements. Seems like a good point to me.

Gail and I are back this afternoon from London and ready to blog on.

Cheers, Mike