Greece Bars All Short Selling For 2 Months

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Mon, 08/08/2011 - 10:50 | 1537093 hungarianboy
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For a case study of what happens check out Vietnam. "


LOL Tyler

Mon, 08/08/2011 - 10:53 | 1537129 spiral_eyes
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the war or the stock exchange?

i think tyler means the war.


Mon, 08/08/2011 - 10:57 | 1537155 TheTmfreak
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I think we might need an "its on like donkey kong" picture for this...

Mon, 08/08/2011 - 10:59 | 1537167 mayhem_korner
mayhem_korner's picture

Yes, with Mario in a toga.

Mon, 08/08/2011 - 22:14 | 1540584 StychoKiller
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Hercules (Greece) steps in front of a two-mile long runaway freight train -- tune in tomorrow for the exciting conclusion...

Mon, 08/08/2011 - 11:13 | 1537246 jus_lite_reading
jus_lite_reading's picture

NOTHING instills confidence like a BAN of normal market activity!!

NOTHING instills confidence in a bank than limiting withdrawls!!

NOTHING instills confidence in the markets like lies from puppets!!!

Mon, 08/08/2011 - 11:23 | 1537291 Shell Game
Shell Game's picture

'BTFD or we grind you into soilent green..'

Mon, 08/08/2011 - 11:30 | 1537328 Gmpx
Gmpx's picture

How come short-selling is normal activity? Short-selling is a trick which requires borrowing of shares from some strange guys who does not have the shares. Normal activity is when you buy or sell shares you have.

Mon, 08/08/2011 - 11:34 | 1537346 Missing_Link
Missing_Link's picture

Are you nuts?  Short-selling has been around for as long as the market itself.  Calling it a "trick" is like calling the car a "horseless carriage" and therefore "unnatural."

Join the 20th century  ...  (not even the 21st, short-selling is a century old).

Mon, 08/08/2011 - 12:03 | 1537504 fuu
fuu's picture

He also thinks ratings agencies should be arrested because they use capital tetters to denote credit worthiness and that is wrong.

Mon, 08/08/2011 - 12:22 | 1537605 vicorjh
vicorjh's picture

I think he's referring to naked shorts and the failure to deliver.

Mon, 08/08/2011 - 12:01 | 1537497 NotApplicable
NotApplicable's picture

Well, as long as there are shares available to borrow, it isn't a trick (nobody is forced to loan shares, either). If they aren't available, but "loaned" anyway, then it's fraud.

Besides, without the short sellers (who correctly observed that the asset was over-priced), the market lacks their price discovery pressure looking for a bottom, as they cannot afford to miss it.

Mon, 08/08/2011 - 12:11 | 1537540 AmCockerSpaniel
AmCockerSpaniel's picture

The key word here is requires "requires  borrowing of shares"  By NOT not borrowing, the market can be, and is, manipulated. Just read how much the banks have shorted silver. If they don't play by the rules, then just don't allow them to play at all.

Mon, 08/08/2011 - 10:52 | 1537094 Debt Rolling
Debt Rolling's picture

When a beast is desperate, it will tend to do insane things. Bets that can't possibly pay off. Anything is good to "buy more time", even if that means being in a far worse shape the day after.

Mon, 08/08/2011 - 11:09 | 1537224 mayhem_korner
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Looks like the S&P-anking continues - just took a shot at Fannie & Freddie.

Mon, 08/08/2011 - 11:24 | 1537294 redpill
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"The more you tighten your grip, Tark, the more star systems will slip through your fingers."

Mon, 08/08/2011 - 11:31 | 1537332 blueRidgeBoy
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Mon, 08/08/2011 - 10:50 | 1537098 Sophist Economicus
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Are they talking about stocks or underwear?

Mon, 08/08/2011 - 10:57 | 1537152 Long-John-Silver
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There is a run on underwear due to excessive shitage. You are limited to one 3-count pack.

Mon, 08/08/2011 - 10:50 | 1537099 JJ McApe
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what comes next...

we ban inflation!!! ^-^

Mon, 08/08/2011 - 12:49 | 1537794 Ricky Bobby
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No capital controls

Mon, 08/08/2011 - 10:51 | 1537102 fuu
fuu's picture

I am waiting for the ban on ALL selling.

Mon, 08/08/2011 - 11:00 | 1537169 hedgeless_horseman
hedgeless_horseman's picture

Limit down is neigh!

Mon, 08/08/2011 - 11:01 | 1537181 Gmpx
Gmpx's picture

No need to ban selling. Only fraud should be banned: rating, naked short selling, HFT.

Mon, 08/08/2011 - 11:01 | 1537182 Silver Dreamer
Silver Dreamer's picture

Terrorists!  The definition is so broad these days, we might as well add stock sellers to the list.

Mon, 08/08/2011 - 11:06 | 1537213 kridkrid
kridkrid's picture

They've seen how willingly people accept anything done in the name of fighting terrorism.  Why not extend the meaning.  I would do the same thing if I were a psychopath/leader.

Mon, 08/08/2011 - 10:51 | 1537103 agent default
agent default's picture

Coming soon to a market near you.

Mon, 08/08/2011 - 10:51 | 1537104 Global Hunter
Global Hunter's picture

Say goodbye to the only kind of rally left (besides central banks lifting all the offers), the short cover rally.

Mon, 08/08/2011 - 10:51 | 1537105 Quintus
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How long, I wonder, will it be until this goes global?  This week?  Next week?

Mon, 08/08/2011 - 10:53 | 1537123 The Shootist
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Does this have much precedent?

Mon, 08/08/2011 - 10:56 | 1537144 Quintus
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Quite a lot of it went on during 2008.  Particularly in Financial stocks.

Mon, 08/08/2011 - 10:51 | 1537107 papaswamp
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Wow this shit is snowballing downhill quickly.

That will stop the collapse....banpocalypse bitchez!

Mon, 08/08/2011 - 10:51 | 1537110 Stoploss
Stoploss's picture

GOLDen. Steady as she goes..

Mon, 08/08/2011 - 10:52 | 1537112 Hulk
Hulk's picture

Speaking of shorts, the fraudulent commercial paper Au shorts should be puking up blood about now...

Mon, 08/08/2011 - 10:58 | 1537159 Quintus
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I wish.  Unfortunately all they appear to be puking up are even more fraudulent paper Au shorts.

I wonder if they are planning a 3rd consecutive day of raiding the metals at 12:00 precisely.   Why not?  It's not as if anybody can or will stop them.

Mon, 08/08/2011 - 11:08 | 1537220 Hulk
Hulk's picture

No argument here. But one day, the fraudulent paper market will bust...

Mon, 08/08/2011 - 10:53 | 1537117 Smiley
Smiley's picture

When can I buy the Acropolis for 10 Gold Eagles?

Mon, 08/08/2011 - 11:25 | 1537301 Ratscam
Ratscam's picture

It will be sold to Timi Geithner for 1 Eagle. Capiche?

Mon, 08/08/2011 - 10:53 | 1537121 buck777
buck777's picture

Greeks = Pea munching


Mon, 08/08/2011 - 10:54 | 1537131 lizzy36
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So we are back to blaming gravity for plane crashes.

Bet Bernanke is stroking that beard furiously right now ;)

Mon, 08/08/2011 - 11:11 | 1537238 Gert_B_Frobe
Gert_B_Frobe's picture

More like circle stroking with his "buddies".

Mon, 08/08/2011 - 10:55 | 1537134 sulfur
sulfur's picture

Please ban HFT and long buying for the next 5 years

so Kramer can suck it all...

Mon, 08/08/2011 - 10:54 | 1537135 anynonmous
anynonmous's picture

I guess they can't find anyone to interview at Bloomberg today

so the dimwit  anchors are  interviewing each other


Lisa: so bethany do you think Moody's will follow S&P

Bethany: well you know that's a great question Lisa but I don't have a clue

Lisa: stay tuned for more with Bethany, we'll be right back

Lisa: investors getting whipsawed, the VIX is all over the place all right lets turn back to Bethany (for some more mindless banter)

Mon, 08/08/2011 - 11:00 | 1537174 pepperspray
pepperspray's picture

LOL nI've got the audio player on so I heard it too.  Except the quiver in Bethany's voice is pronounced when there's only the sound.

Mon, 08/08/2011 - 11:00 | 1537179 Tinsu
Tinsu's picture

Bethany has a really big ear holding back all of that black hair.

Mon, 08/08/2011 - 11:03 | 1537193 anynonmous
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I think that was still Saturday nights hair 

Mon, 08/08/2011 - 11:04 | 1537201 Tinsu
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...looked like Sat nite's little black dress too!

Mon, 08/08/2011 - 11:15 | 1537138 Cognitive Dissonance
Cognitive Dissonance's picture

And..... the idiots are back in charge.

They have always been in charge. They were just pretty good at hiding their idiotcy.

And we were pretty good at not looking.

Mon, 08/08/2011 - 10:55 | 1537140 Ethics Gradient
Ethics Gradient's picture

In the meantime, the headlong rush for parity between Eur and ChF resumes.

I wonder how may underwater European mortages there are now given a 34% increase in 3 years.

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