Who next for the stock market shorters?
They have broken the back of HBOS, which is set to announce a merger with Lloyds TSB, but who do the stock market speculators have in their sights now?
After a day like few others it has been reported that HBOS and Lloyds TSB have agreed a deal which will merge the businesses together. The deal appears to have been prompted by the government as a last ditch attempt to keep the UK financial sector from collapsing. However, after speculators managed to crack the nut which was HBOS who will be next on the list? Who else will feel the wrath of the stock market?
The next candidate for investor concern is set to be Bradford and Bingley which has already escaped the clutches of the rumour mongers once over the last few months. Despite raising what they thought would be sufficient funding to see them through these troubled times they appear to be struggling. However, there are strong rumours emanating from the Treasury that the authorities are set to announce more new rules to deter the short traders, those who sell shares they do not own with the intention of buying them back at a lower price.
Watch this space.
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