William Ackman

This is a recap of the weeks major news items on Wall Street:

1. Central banks around the world scrambled to find a measure that could stabilize the financial markets this week. At the center of the crisis, credit markets finally began to show signs of improvement, albeit a very feint glimmer of hope. The action that shook the frozen credit markets came Wednesday morning when government's around the world announced a coordinated 50 basis point reduction in interest rates. The market reaction that morning was jaw-dropping; after initially responding positively to the announcement, traders began selling stocks into the open, causing a 200 point decline in the Dow. Minutes after the open, however, the market came roaring back, only to sell-off another 200 points by mid-day. Volatility soared to all-time highs: the VIX, a popular measure of market sentiment ...

In a 13G filing on Wendy's/Arby Group (NYSE: WEN), Bill Ackman's ...

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5920061

NEW YORK--(BUSINESS WIRE)-- Imagine 360 Marketing has announced the unparalleled success of The 4th Annual New York Value Investing Congress, a Schwartz Tilson Information event. Despite the economic turmoil, on October 6-7, 2008 over 550 investors gathered at New York's Time Warner Center to meet and learn from some of the world's brightest investment minds. Even with the stock market unfolding downtown, the Congress was charged with energy and enthusiasm. After two days of intensive sessions filled with investing insight and stock picks, attendees walked away with ...

Financial stocks are higher this morning even as the SEC's temporary ban on shorting financial stocks has ended. The XLF (AMEX: XLF) is up 4.3% this AM.

The plan was a complete failure, as it did nothing to stop the slide. This proves that short sellers were not the reason behind the fall in the stock values --- it was simply one thing "fundamentals" which are terrible.

Whether you agree with short selling or not ...