Thank you Chris Cox of the SEC
Despite the fact that this man has been pretty much invisible, we can probably thank him for today's plunge in the market. Shorts were basically told today was the last day they can do naked shorts. So what is happening? The financials are getting shorted to death today. If you had some guts buy the financials while they are getting creamed.
One of the few points I agree with Jim Caramer on, Chris Cox really does need to be fired.