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Rejected: A Europe-Wide Short Selling Ban "Does Not Look Likely"
Following the NYT debacle in which it announced there was a debt deal when there was anything but (in the process however sending stocks surging on nothing but what was proven to be a lie), today it appears the NYT may have gone for the double, after first reporting earlier that Europe is about to proceed with a short-selling ban. As of minutes ago, Reuters has reported that a short-selling ban "does not look likely" according to a regulatory source. In other words we are back to the yes bailout/no bailout that marked the European days of June and July, when the leakers merely gauged the market response to determine if the rumor should become policy. It seems that after having achieved the sought after (brief) market bounce on forced short covering, Europe has decided not to go ahead and impose a ban after all... At least until tomorrow's next -5% plunge in Italian and French bank stocks.
From Reuters:
European Union states are unlikely to impose a blanket ban on short-selling of stocks in response to volatile trading in bank stocks, a regulatory source familiar with the situation told Reuters.
"A Europe-wide short-selling ban doesn't look likely," the source said on Thursday.
Earlier ESMA, the European Union's financial market regulator, said it was monitoring the bank share volatility closely and was in touch with national regulators.
There has been speculation that a bloc-wide ban could be imposed since Greece banned short-selling for a period of two months earlier this week.
And moments later Italy's market regulator CONSOB added that there is no change to its short selling policy. Which of course does not mean anything.
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I seem to remember similar disclaimers in 2008 shortly before they enacted the ban.
Plausible deniability must be in short supply again. Fire up the assembly line boys.
The desperation will continue until morale improves.
"the manager has our full confidence despite the team's woes and we do not have any immediate plans to replace him."
quote: almost any baseball GM at one time or another days before whacking the manager..
"Bankruptcy is not an option" GM press release shortly before seeking bankruptcy protection.
.
I still expect the manipulators to simply ban selling at all!
And now they have achieved the short covering bounce anyway... did they do that to offload at higher prices to forced buyers cos they got scared??
Great way to break a market. F this.
WTF?!?! TOTAL EPIC REPEAT OF 2008 BUT 16 TRILLION TIMES WORSE!!!!!
This is spooky man. It's like 2008 all over again. Same headlines, same talking heads, same assurances by TPTF banks that unicorns will appear on the front lawn and gold coins will drop from the sky.
I say gear up, get gold, guns, butter and beans.
That is not a unicorn, its an Incubus.
Exactly, theyre trying to replay another 2008 pullout of the nosedive using the same tactics as before, problem is theres now -0- belief in printing your way out of economic collapse.
Gold, gear, guns, lots of canned food and get out of the big cities before the riots hit which will be hundreds of times worse than Europe or mid east variety.
Meh...I feel it is my patriotic duty to be short ES right now. Only Crammer and Liesman are buying this shit.
The technicals on the ES right now are fairly bullish for a change.
?
What technicals, based upon a planted fake rumor with underlying total desperation?
The trolls have been out in force these past few weeks. I miss the pre QE2 days at ZH. Eh, nostalgia ain't what it used to be.
The technicals on the ES right now are fairly bullish for a change.
+++++++++++
I trust this sarcasm. All supports were broken days ago, and the SP 5 DMA is butting right up resistance.
total failure and desperation
Chickens with thier heads cut off comes to mind.
This.
Headline trading not for me....
But ARS broke that story this morning. It has to be true. After all it was on CNBC and in the NYT's.
Btw, if the euro's can't even get together on a short ban, no way are they going to be able to come up with some sort of cohesive rescue plan.
When the rescuer is standing in the same quick sand the rescuee is, maybe it's time to reexamine the situation.
"Dang that was lucky...doggone near lost a $400 hand-car."
Bizarre these wild swings in the market. Fear, pump, fear, pump.
The market can't survive without constant manipulation. The economy couldn't survive, with, constant manipulation.
This bus has lost its steering wheel and headed for the wall. Pump it faster Benny, you might bash through it, sorry to say there is a cliff behind the wall too.
LOL yea really...only hope is someone at the factory secretly outfitted the bus with a giant parachute, but Im not banking on it.
We will implement a randomized ban of short selling on individual stocks for indeterminate periods with 15 minute notice of changes throughout each trading day.
Codename: Operation Curveball.
All they have left is spreading wild rumors daily to move markets? Wow how ultra pathetic.
Ah yes, reverting to "tricks" to get the market up. Holy Shit.
Silly rabbit, Trixs are for kids.
http://www.youtube.com/watch?v=cd468xU1S8Y
http://www.youtube.com/watch?v=if-_DOl6PJ8&feature=related
Silly CD, tricks are for hookers.
Looks like you are correct.
You know what they say: bitchez ain't shit but hoes and trix.
The End
Just another shorting opportunity.
So Europe has more liberated capital markets then the US.
Dexia:
http://www.bloomberg.com/apps/quote?ticker=DXB:LX
FranSix,
Dexia:
1-Yr Return -55.207%So resume dumping by afternoon I guess...gee anything to pump markets for even a couple hours, as long as theyre not too desperate or anything.
Desparate men . . . desparate measures.
5-year TIPS yields now -1%. 10-year TIPS yields are now negative as well. This is one that I really thought would reverse with the onset of deflation and see very high interest rates.
Is it who or what's on first?
The NY Slimes reputation is getting worse daily, and that from a very low level to begin with. I quit clicking any links to them last year. They should be delisted from the exchange along with news corpse.
"<insert TBTF here>'s balance sheet, liquidity, and capital remain strong...
Our liquidity position has not changed at all, our balance sheet has not changed at all..."
"These are not the droids you're looking for..."
http://www.youtube.com/watch?v=CnjaUoR15dU
"We don't need to mark his holdings to market..."
I love it..This is more entertaining than anything on Television right now. The continual "leaks" and lies to gauge reaction or provide temporary lifts to stave off collapse is incredibly foolish. You cannot lie to the markets continually and expect the problems not to become compounded. All of these politicians and central bankers are like fucking children.
Progressive/Socialists STILL think in Kindergarten terms, such as "fair", and "socially just" -- are you surprised?
Rupert Murdoch shut down the NotW. Follow the lead bitch'zzzzzz.
I call for a police investigation into these false rumours spread to manipulate bank share prices. You know, just like the investigations into those rumours that make the prices go down.
Interpol will investigate, just as soon as they locate some condoms! :>D
I've just sold my JAN2013 CSCO calls after this ridiculous 18% spike after earnings. Good call?
yes, if you are happy with it.
but these puppies were still good for over 15 months, so what were other "options" other than hold & risk the turn-back?
if the calls were in-the-money or close, you could sell same-date out-of-the money calls and take a profit, there, and still have a "position"
if the calls were out-of-the money, maybe you could spread in time by selling calls for the summer of '12 or oct, and again, take some $ off the table, but stay at the table.
after firing "the 10,000" they did pretty good, eh? L0L! good for you!!!
Thanks for the answer Slewie. I'm a newbie here in options trading, but I'm learning fast. I don't even think I can sell options in my (retirement) account. So that was at the moment not an option.
The calls were still out of the money by about 10%. And I bought them juuuust before everything came tumbling down a couple of weeks (days?) ago. I was quite happy with the unexpected 35% profit. Pigs get slaughtered...
I still have other dogs to take care of (NOK and RIMM), so I see the selling of CSCO as risk management. And the money went to average down a long position.
I'll sleep better, so it's all good.
the options "decision grids" are designed for more games than Parker Bros could imagine. can you sell an option on 100 shares of xyz if you own it? if not, why not? after all, that is exactly how (one way) people who manage retirement funds create income flow. then, you are selling a "covered" option, and you are not "short" the option.
the sales i mentioned would also be covered by your long position. they can be more difficult to take apart, especially during high volatility, but the ones i mentioned could be held until lower volatility and then taken down for more $ (hopefully) or "adjusted" for longer gaming enjoyment.
p.s. poverty buildz character! hahaha
Ah games... I hope I'll win my way out of the poor life! A 100 shares of anything is an important decision!
Yes, I can do covered calls on a registered account. But I'm not owning a 100 shares of CSCO atm. That's why I bought LEAPS, thinkin about future ownership of the shares more than short-term speculation.
The cash went to an unrelated long position in an unrelated sector (health care) that suffered badly. Think about a very low beta stock, crown jewel of our jew friends. And from the action today, I'm even happier.
Austria took a massive hit today aswell for some "unknown" reason, 5yr CDS blew out 30bps to 145, ~ 26% on the day. No one seems to want to talk about it though...its "illogical" apparently.
I've mentioned Austria about three times now - last year / early this year, there was some very odd business going on under the hood (involving ex JP Morgue / Moody character(s)). This might be the deflation of those efforts - although I'm guessing atm. Remember, BoAustria collapsed in 2009 http://www.creditwritedowns.com/2009/12/bank-collapse-in-austria-brings-...
So - you're probably seeing the same issue as BoA - toxic stuff that people have been hiding & politely not smelling without taking the plunge, grabbing a hack-saw and disposing of the rotting corpse.
Most Americans can't afford a $1,000 emergency expense
http://www.entendance.com/forums/viewtopic.php?f=16&t=510&p=18693#p18693
and they need to be able to "afford" this, because...?
you know, when something is necessary, many people somehow find a way, or hadn't you noticed?
you are a fuking troll, asswipe!
entendance @11:48
There was a Poll taken of around 1500 US families.
They were asked, if you HAD to come up with $3,000.00 cash,in (I think 90 days,or what time period)could you?.
It was broken down (by chance) into 3 groups...............
33% Said YES, Immediately.
33% Said in 90 days , MAYBE, leaning to probably.................
33% said NO WAY
Now, that is some sad shite.
Depends... Is gold money?
The poll would have been way cooler if formulated this way: would you be able to come up with 1 113 000 grains of silver?
Answers: 1) no, 2) yes, 3) wtf is a grain?
pls don't feed the trolls, D_Z
nuke the shitheads! hahaha!
Swiss short term rates up to 3-year bond negative:
http://ftalphaville.ft.com/blog/2011/08/11/650656/when-a-government-bond...
So when US BLS numbers are 1.xx % better than expectations a >3% rally in major US, EU markets is triggered..
What happened with U6? Labor force dropouts? EU industry employment? Trade deficits? Budget deficits? Bank solvency?
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