Spain Follows Italy In Banning Short Selling

Tyler Durden's picture

Moments after we reported the announcement of the Italian short-selling ban we had a simple question:

We now have our answer, as Spain has jumped on the banwagonTM


And just because in Europe one has to constantly outdo everyone else, the Spanish short selling ban is on all stocks, not just financials.

Next up on the banwagon: everyone else, now that the stigma of admitting 2012 is precisely just like 2011 (as we have been warning since January 1 of this year) is gone. Expect the ultra short relief rally to be follow by new plunge to historic lows.


Comment viewing options

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

now they just need to ban Long buying and everything will be fixed. 

TruthInSunshine's picture

Bans on short selling will definitely resolve the arithmetic-based systemic problems holding the global economy and Broken-By-Bernank markets back.

Everything is fine. U.S. companies will do well. It's not like the EU is the largest economic block and base of consumption in the world or that it will filter through and adversely impact U.S. corporate earnings, or that China, Japan, South Korea, Canada or Australia won't be hampered further either.

I really don't think we needed to get to this point. If everyone had listened to Krugman, and had urged epicly indebted nations to borrow themselves out of their debt black holes, we'd be all good right now.

Paul Krugman gets no respect.

Eat your peas...and corn...bitchez.


GetZeeGold's picture



Short selling is for the 1%........we can't have people making money on our stupidity.....even if they knew that was exactly what was going to happen.


Stuck on Zero's picture

We mustn't have free markets, say the governments.


Precious's picture

Called it here

Look out below.  The waterslide is open for business.


Neezer's picture

"If you made money by shorting the stocks of our nation's top companies, you didn't build that. Somebody else made that happen. The Government made that happen. My economic policy made that happen. It was my gutsy call that made you successful."

-Barry O'blama

JackT's picture

no..just ban the humans, let the robots be free.

GetZeeGold's picture



Calling Skynet right now.


Chief_Illiniwek's picture

Robots are now "free"?  I'll take two!

What are your hours for pick-up?

Monedas's picture

Smacks of manipulation !

SheepRevolution's picture

Long Suicidal Pills.

Crisismode's picture

Where is the Euro short-selling ban?



cossack55's picture

Go, plunge, go. But what about the PPT?

Yellowhoard's picture

In less discussed news, the Spaniard males will now be forbidden to respond honestly when their wives ask them if their asses look big in some clothes.

Dr. Engali's picture

In less discussed news, the Spaniard females will now be forbidden to respond honestly when their husbands ask them if their asses look big in some clothes.

There fixed it.

XtraBullish's picture

CTRL-P is just around the will scream higher as soon as the Germans tell the world that they are collateralizing their bank debt with $5,000 gold.

Temporalist's picture

Come on ZH I expect better than this hyperbole.  This is not a "ban"; this is merely a temporary restricting of undue freedoms by breaking previously held rules for the benefit of "optimists" and to the detriment of "doomers" who know next to little when compared to Herman Van Rompuy and Paul Krugman et al.

Hype Alert's picture

They're just plugging a loophole.  [/sarc]

txsilverbug's picture

All they need is for Moochelle Obama to take another US tax payer funded trip to spain to stimulate their economy..


Problem solved..

TrainWreck1's picture

They are already broke, they don't need a famine on top of everything.


q99x2's picture

Banksters asking for a rope.

IToldYouSo's picture

Sir, I shall gladly and lovingly assist in their request AND I will help them wear it correctly :)

WhyDoesItHurtWhen iPee's picture

I have been practising the slip-knot and have some extra rope just for a situation like this.

IToldYouSo's picture

thats useful, cos Ive been practicing the half hitch - so I can tie the rope to the lamp post, you can do the loopy bit on the end and we fight to see who puts it over their head :)

Winston Churchill's picture

Find another knot.One that works with piano wire.

CCanuck's picture

Sir, I would gladly pay you next Tuesday, for 50ft of Rope today.

Hype Alert's picture

I guess it will never occur to them that market manipulation is what created this problem.  More of the same, they must be listening to Krugman and Stiglitz.

goat's picture

Amreican citizenism is American

Dr. Engali's picture

How many times have they tried this now? Einstein was right when she said: "Insanity is doing the same thing over and over again but expecting different results."

falak pema's picture

was Einstein on a multiple orgasm binge when SHE said that?

jez's picture

Urban myth. There is no evidence that Einstein ever said this. Or that he was female.

RobotTrader's picture

Better start banning short selling on gold, its about to get creamed

TruthInSunshine's picture

RoboTard, we need you to get highly bullish on your paper trade Nasdaq holdings. Really, really bullish...(paper) buying hand over fist.

This will confirm there's a Winners of the New World Death Cross in the making. After all, NASDAQ is the first and best to lead AND bleed.

Did you go all in long Kayak on Friday, bro?

DoChenRollingBearing's picture

Well timed RobotTrader!  + 1  Au getting slaughtered as I write.

Even though I love gold, I have to admire your recent calls.

On the other hand, it may be a good time to load up on some more while gold is on sale.

DoChenRollingBearing's picture

To be fair to my junker, gold is off only 1% or so, Europe (and Dow futures) are down some 2%.

Gold will be good, RobotTrader makes short-term calls that have been spooky-good recently.

Quinvarius's picture

I don't think being short gold paper gold is wise.  There was a major sell signal a few months ago that did not result in any selling.  The signal was obviously painted, but it did happen.  It was a failed move.  Failed moves turn into fast moves, in the other direction. 

surf0766's picture

Only because those calls have been after the trend started. Timing is everything

Quinvarius's picture

Poor, obnoxious, and stupid is no way to go through life, son.

JohnnyBriefcase's picture

I fucking love you guys.

bnbdnb's picture

Yes, 10 foot dams in 50 foot water. That outta do it.

buzzsaw99's picture

It would be funny if it made no perceptible difference. These are not the sellers you are looking for. [/obi wan]

rebelscum1967's picture

the link to this just appeared in the SA market currents scroll lmfao...welcome to fight club.

ezcearhoc's picture

No sovereign country should be allowed to protect its own economy and people. Foreign speculative investors' profits should come first! What are these regulators thinking?

lizzy36's picture

Well, it would appear that speculators are re-branded investors when the are coming from the long side. 

Let me disavow of the notion that regulators or politicians are protecting their economy or their people. They most certainly are not. The are reaching for another impotent solution, to appear to do something. Even if that something has been proven time and again, to be at best, absolutely useless. 

You think banning short selling is some how going to make banks or countries that have been insolvent for 3 years solvent?

Hey but maybe this time is different. 

nodhannum's picture

Can't wait for the Spanish and/or Italian ban on long buys on the upside, in the interest of protecting the "people" from those foreign speculators of course.

GMadScientist's picture

Interesting world you live in where there are absolutely zero long specs in the market.

What were these "regulators" 2005, 2007, and 2008?

The time when Spain could have protected its economy and people is long past...pretending otherwise won't even delay the inevitable for long anymore.