The Protected 19 Financial Stocks Rose 26%

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It's always tricky to assert causation in stock market moves so instead let's just say that the Securities and Exchange Commission's emergency restrictions on short sales in shares of 19 financial stocks was correlated with a 26 percent in their market value. Those 19 protected companies added a total $270 billion to their market capitalization since the July 15 announcement.
Bloomberg points out that the stocks now sit right around where they did on March 17, the day of JPMorgan Chase's buyout of Bear Stearns.
Today is the first day of trading without those protective measures, which expired yesterday. The protected companies were: BNP Paribas Securities Corp., Bank of America Corp., Barclays Plc, Citigroup Inc., Credit Suisse Group AG, Daiwa Securities Group Inc., Deutsche Bank AG, Allianz SE, Goldman Sachs Group Inc., Royal Bank of Scotland, HSBC Holdings Plc, JPMorgan Chase & Co., Lehman Brothers Holdings Inc., Merrill Lynch & Co., Mizuho Financial Group Inc., Morgan Stanley and UBS AG.

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