I got a message from Ted Butler yesterday that the CFTC approved position limits and here is an excerpt below from him. This of course could be a game changer with regard to JPM's shorting activities, but we'll have to see what JPM has to say about that given all their other regulatory troubles:

"Some say that when the end comes, it often comes in the blink of an eye. That’s part of how I’m feeling, having just witnessed the CFTC approve position limits yesterday. I had mentioned the open meeting last week and as has been the case with the eight or nine public meetings on position limits over the past few years, I watched the meeting yesterday. The meeting is available on a recorded basis in case you want to tune in. Follow the links here http://www.cftc.gov/PressRoom/Events/opaevent_cftcstaff110513