Rumor has it that Morgan Stanley, Goldman Sachs, and Société Générale got caught on the wrong side of a short squeeze. “There have been several ‘black swan’ events occurring in the markets, and there are concerns that they will lead to large losses,” said James Ellman, president of Seacliff Capital. All the companies deny any involvement nor exposure to this charmin(g) event.

Volkswagen has become the world’s largest company by market value, following the news that Porsche has bought up much of the float and taken a 74% stake in the company. And the short sellers thought RMBS in 2000 was a bucking bronco … beware of Herbie.