Belgium, France, Italy, Spain Overrule European Regulator, To Impose Standalone Short-Selling Bans

Tyler Durden's picture

Stop the presses. Barely did we have time to report that European regulators failed to impose a coordinated short selling ban, that Bloomberg reports that the countries most impact by the market plunge are about to impose standalone short-selling bans. These are Belgium, Italy, Spain and France. In other words, it really is on and the 2008 Lehman PTSD flashbacks may now resume. Until we get a headline that says it isn't. The rescue of the Borsa Italian is now more schizophrenic than that of Greece. As a reminder, in the previous post the FT quoted Abraham Lioui, a professor at the Edhec business school in France, who said “It is the worst thing to do right now. This would signal to the market there may be something fundamentally bad that is happening."  He is correct. Something is fundamentally very wrong and about to break.

From the AP, google translated:

Short selling of financial stocks banned for 15 days in France


(AFP) - There are 13 minutes


PARIS - The Financial Markets Authority (AMF), Constable French stock exchange has banned short selling of financial stocks listed in France for a period of 15 days, told AFP, its president Jean-Pierre Jouyet.


"We have decided to ban short selling (...) on the actions of eleven banks and insurance companies listed on the French market, that for a period of 15 days," said Mr Jouyet.

And as a reminder, here is what happened to US financials after the September 18, 2008 SEC ban on shorting:

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Id fight Gandhi's picture

It won't work, never did.

Popo's picture

Liquidity will dry up very quickly. Here comes the crash...

johnQpublic's picture

the FIBS



cue the soup nazi....

no liquidity for you!

spiral_eyes's picture

For those of us who want some humour mixed in with our daily zero hedge doom and gloom:

"Europe Bans Shorts (Backside Now Exposed)" 

eureka's picture

In other words gamblers, speculators and vigilantes must be allowed to retain their freedom to destroy corporations and nations which have been rigged by the Giant Squid and other monsters of its likeness?

Exactly what kind of freedom and Libertarianism is that?

Let all "investors" lose when they misplace their bets - and don't allow Giant Squids to rig and sell crap as AAA and then secretly short it.

Better yet - remove the stock market as false symbol of "the economy" and national wealth - when all it is, is a casino for lazy fucks who want to get rich without creating or producing anything, and, of course more importantly and primarily the prime tool for the elite to enslave the people.

Bomb Wall Street - Free The World.

walküre's picture


Well said!

disabledvet's picture

actually this list is far longer than you realize. I just saw these folks lined up outside the NYSE for tommorrow's open:
not looking good for the homegamers!

Master Chef's picture

Hmmm, Euro markets positioning for a crash, US market regulators watching but not acting, riots in the UK while the police stood by, thats a RECIPE...


for a perfect storm


how long does it have to bake?

In Fed We Trust's picture

And the dead give away of the week.

Matt Drudge posting a 6.66% loads in S&p on Monday.

I have 2 things to say . The odds of the market closing on that extant number are null. It was done on purpose.

And the media could of lied and .6.69 or 6.65 but they choice to implant a doomfull idea in your head .

Dow will be 800 on Friday. Goodnight

Hulk's picture

Staying alive. same page. hate the BG's, but the song is appropriate

Number 156's picture

Here it comes. Now, Mr. Spock.

Pay Day Today's picture

Question is, who is gonna get caught with their britches down?

scatterbrains's picture

yea but you gotta luv that intitial burst higher.

Raynja's picture

if only somehow i could figure out what is happening after the fifteen days are up.  all i can think of is a hole.

New_Meat's picture

u can look at later '08

Raynja's picture

i was more looking for the bernank put to be re-announced in 17 days after a weekend of hookers and blow

Gordon Freeman's picture

Yeah, but, but, but...Ron Insana just gave us the all-clear on Fast Money...

What a fucking tool!!

Rainman's picture

Damn foolish Eurohumans ....only the Leaning Tower of Pisa and breast implants defy the laws of gravity.

LongBalls's picture

Funniest thing I have heard all day!

johngaltier's picture

Not in the E-commUne. Seems they prefer lack of any market action to legitmate price movements. We should shut the whole scoreboard off just like third grade basketball. Everyone's a winner! Scariest thing is, the US proves more left leaning than the FIBS, they are following our lead.

Rodent Freikorps's picture

Time will win in both cases.

Even the Great Pyramids are temporary. Even the sun is temporary.

Cheesy Bastard's picture

Michael Jackson still looks the same, though.

WonderDawg's picture

You Bastard. I almost choked. Classic.

IQ 145's picture

No, of course not. It's probably just in time for the reaction rally. A medicine for the illness that already curing itself; but perhaps not. Certainly the Europeans are nervous in the service.

Goldtoothchimp09's picture


no short bids under the market -- suicide!!  Hey man nice shot

gangland's picture


what budd dwyer did, i highly recommend for the 535 + 9 + wh. dwyer/weaselaow/motivation/BuddDwyerLulz.jpg?o=10


Jendrzejczyk's picture

How 'bout at least a last link "graphic-not suitable for all audiences" heads (blown) up.

KowPie's picture

Last audio: "Someone call an ambulance, a doctor and the police." He's past all three before he hits the floor, that was a river running out of his nose. Guess he preferred a lead breath mint to a shit sammich.


EDIT: was that real or was it a training video for Bernakenstein?

UGrev's picture

that was disturbing..

caerus's picture

here's the thread...short ban eh?

JuicedGamma's picture

I love it when regulators panic.  Oh well tomorrow is going to suck no doubt.

Drag Racer's picture

yea tomorrow will suck but monday will be a bloodbath.

unky's picture

No, during the weekend Merkel and Sarkozy will agree to some new rescue shit and the CME will increase gold margins once again (at friday night maybe). Stocks will rally and gold will drop, everything will be fine  HAHAHA

karzai_luver's picture

does Qdaffy still have any eternal!


In Fed We Trust's picture

No I disagree . Since Obama was the bigger chosen for pawing the most bs on one term , I suspect Tim Geithner will announce the AMERO is heal to save the day. Will just need 1.5 trillion to fund it .

max2205's picture

That was quick. So what

Threeggg's picture

The MSM say's this is extremely Bullishshit

Republi-Ken's picture



snowball777's picture

Makes for some damn good BBQ ribs.