European Banks Now At Or Below Short Selling Ban Levels

Tyler Durden's picture

When we first commented on our expectations about the "efficacy" of the short selling ban instituted last Thursday, we said: "There are those who say the upcoming short selling ban in all stocks in Italy and France, which according to CNBC will take place as soon as after the close today, or in one hour, will be beneficial to stocks. Then there are facts." And the facts are that one short week after the ban, European banks are already unchanged compared to the day of the ban and in France they are now negative! What next: selling is illegal or "Speculation" is a felony? We expect to find out soon...