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  • Spain, Italy Ban Short Selling To Slow Market Turmoil

    From bloomberg.com

    Spain and Italy reinstated a short- sale ban on stocks as bank shares plunged to record lows, bond yields rose and the euro traded below its lifetime average against the dollar on concern the debt crisis is growing. Spain’s CNMV market regulator banned the creation of negative bets using all equity securities through shares, derivatives and over-the-counter instruments for three months. Italy’s Consob prohibited the practice on 29 banking and insurance shares for one week, citing “grave tensions” in financial markets. Today’s move echoes decisions in August last year by the two nations plus France and ... (full story)

this action reflects the dangerous situation in euro area
the more they ban the worst it will become - panic button pressed.....
Hahaha.,
Bismillah
  •  Guest
  • | IP XX.XXX.70.170
This is ridiculous: short selling is taking credit in stocks instead of taking credit in money; if they ban short selling they also have to ban trading on margin.
E.g. when stock bubble everybody cheers, but when they deflate it's panic time?
better for small disaster than the big one
Euro is looking for 1.18 in the medium term.
yeah, let's create some more bubbles, they surely will solve the crisis
  • New Comment
  •  Guest
  • | IP XX.XXX.164.32
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  • Story Stats
  • Posted: Jul 23, 2012 11:12am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 7  /  Views: 2,240