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What to Watch for in Today's Trading

By Jim Cramer

 About this article:
 Today will be a huge test of the new short-selling rules because we are starting from a higher plateau. The brokers now know that it may not pay to short financials that have no mortgage exposure because they might rid themselves of it, and because they might not be able to get unlimited puts because the brokers won't provide them in fear that they will be caught without a borrow because major institutions are taking their stock out of the stock loan vault. The specter of a total ban on shorting would make being short totally unpalatable. Make no mistake about it, a total ban on shorting, even a temporary ban on shorting would be horrible and destroy the markets outright. That's right -- destroy them. I can expect that from this commissioner because he is that bad. (Did McCain just get my vote?) But anyone...

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