One can't help being suspicious of seemingly momentous decisions announced in the doldrums of summer. For example, the SEC has decided that, as of today, July 6th 2007, the uptick rule does not apply anymore. Now, for anyone who has daytraded stocks and/or wanted to get short a stock while it was going down as opposed to before (for the prescient genius) or after (for the clueless), that is a major announcement. Whether this decision results in a generalized meltdown of small stocks the next time down and whether the date July 6th, 2007 will go down in history, only time will tell.
On a totally unrelated note, this is the site for the circuit-breaker levels for Q3 2007. 1350 DJIA points seem to be the key number.
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