The recovery in financial stocks continues today, arguably proving that the SEC's stern warnings against short selling bank stocks false rumors that cause stocks to go down is having its desired effect. (Rumors that cause stocks to go up, still seem to be immune from the SEC's attention.)
Not everyone has been convinced that the investing public is too stupid to know what the editors of the New York Times know or, failing that, intimidated from engaging in the practice of spreading rumors. We're cont convinced or intimidated, for example. And over at TheStreet.com's video unit, they've even started special rumor programming, making the rumors moving markets at trading desks transparent to the broader public.
After the jump, this week in Wall Street rumors from TheStreet.com.
This Week in Rumors: Google, Banks and AOL
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