The naked short selling emergency order issued by the SEC will expire in approximately two hours. For those of you not familiar with the order, the SEC has required that all shorting taking place within a list of financial stocks be subject to prior borrowing approval. In other words, short sellers must make sure they have the stock on hand to short instead of shorting first and trying to find those shortable shares later. I’ll run an update later on this evening in the event the SEC extends or modifies this emergency order.