You're now on the archive server. Commenting has been disabled.
Spain Follows Italy In Banning Short Selling
Moments after we reported the announcement of the Italian short-selling ban we had a simple question:
Where is the Spanish short selling ban? They are slacking
— zerohedge (@zerohedge) July 23, 2012
We now have our answer, as Spain has jumped on the banwagonTM
- SPAIN STOCK MARKET REGULATOR BANS SHORT SELLING
- SPAIN'S SHORT SELLING BAN INCLUDES DERIVATIVES, OTC INSTRUMENTS
- SPAIN'S SHORT SELLING BAN COULD BE EXTENDED BEYOND 3 MONTHS
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.
»
- 9768 reads
- Printer-friendly version
- Send to friend
Similar Articles You Might Enjoy:
- Hedging Europe's Short-Selling Ban (Again)
- No More Shorting Of Financials In Europe... Ever?
- Italian Regulator Extends "One Week Only" Shorting Ban Through September 14 Due To "Persistent Conditions"
- Contagion Returns: France CDS Over 200 For First Time Since January
- Desperation Time: Italian Regulator Reintroduces Financial Stock Short Selling Ban
now they just need to ban Long buying and everything will be fixed.
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.
/s
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.
We mustn't have free markets, say the governments.
Called it here
Look out below. The waterslide is open for business.
"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
ban the can
no..just ban the humans, let the robots be free.
Calling Skynet right now.
Robots are now "free"? I'll take two!
What are your hours for pick-up?
Smacks of manipulation !
Long Suicidal Pills.
and fire extinguishers
Where is the Euro short-selling ban?
Go, plunge, go. But what about the PPT?
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.
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.
CTRL-P is just around the corner...gold will scream higher as soon as the Germans tell the world that they are collateralizing their bank debt with $5,000 gold.
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.
They're just plugging a loophole. [/sarc]
All they need is for Moochelle Obama to take another US tax payer funded trip to spain to stimulate their economy..
Problem solved..
They are already broke, they don't need a famine on top of everything.
Banksters asking for a rope.
Sir, I shall gladly and lovingly assist in their request AND I will help them wear it correctly :)
I have been practising the slip-knot and have some extra rope just for a situation like this.
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 :)
Your on!
Find another knot.One that works with piano wire.
Sir, I would gladly pay you next Tuesday, for 50ft of Rope today.
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.
Amreican citizenism is American
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."
was Einstein on a multiple orgasm binge when SHE said that?
Urban myth. There is no evidence that Einstein ever said this. Or that he was female.
Better start banning short selling on gold, its about to get creamed
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?
CMG was his core holding.
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.
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.
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.
Only because those calls have been after the trend started. Timing is everything
Poor, obnoxious, and stupid is no way to go through life, son.
I fucking love you guys.
Yes, 10 foot dams in 50 foot water. That outta do it.
It would be funny if it made no perceptible difference. These are not the sellers you are looking for. [/obi wan]
the link to this just appeared in the SA market currents scroll lmfao...welcome to fight club.
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?
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.
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.
Interesting world you live in where there are absolutely zero long specs in the market.
What were these "regulators" thinking...in 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.
After spending time with speculators i am able to report that they are the ROOT of all evil in the world.
In related news guns don't kill people, COSTUMES do.
Nice hoodie!
ruh roe raggy
Spanish markets are under attack from Angloworld hedge funds, so this is a prudent action. This has nothing to do with "price discovery" or "market efficiency", this is pure speculation based all-out lynching financial mob going after Spain.
Wake the fuck up. Central Banks discover prices these day much in the same way Columbus "discovered" the americas.
Maybe Spain should actually work on addressing the real problems instead of tilting at windmills.
Yes they should take out Goldman Sachs. That would be a spanish goal mine that doesn't suck!
So? Whats your point?
Poor Ethpaña.
Haha...
Theeth are not thee shorths joo are lookeeng for..
They have Nadal; and they have the football team. So they'll survive. Nothing can happen to them before the next world cup in 2014 in Brazil. That is Oligarchy territory; lots of monney there! Protect your global assets. Coca Cola/Nike wll see to that!
After that it'll be downhill and the world couldn't care less!
Cabaleros hang in there for two more years!
those evil speculators knockin crude. Oh DTO lookin sweet..
Can't hedge, therefore sell everything. will just reduce liquidity.
The ensuing precipitous drop will make one feel QEasy
Sweet, now you know everything is going to sell off
Same as 2011 but only worse this time
Crude oil getting crushed, everything getting thrown overboard.
The Epic Rally in "Paper" continues.
cool.....deflation ban coming soon
Since you are talking about love so much who are you in love with.
i give ya credit robo. you dont hide on days like this. yes crude crushed. DTO has done well in the past for me.
Caveat Emptor
Pieces of paper called share/depository certifcates whose value is decided by the banksters and central banks.
And a whole industry called Wall Street living of the pickings of such trades
Day of the Jackal. Good movie. Its coming again to France.
Day of the Wisigoth is next scheduled for Rome before it turns to day of the Vandal!
Chacal (1973) - IMDb
Oh how i missed those summers days of 11' . Those one sentence headlines give me the morning woody.
Well of course they banned short selling! If the market reflected true value, it would be a disaster!
I'd bet you asslick your hedge fund overlords twice a day, four times on Sundays...
An expert on that, are ya?
Everytime the same stupid action
does that mean they will ban vapor volume algo melt ups to?
the Spaniards should short muni bonds in USA to spite the US oligarchs. Tit for Tat.
Not that california tit is as juicy as that! Pretty hollowed out after Terminator spent all that money.
Jackals turning on each other makes for great entertainment.
Note to Spain.. it's the Selling that will get you. 'Short' selling amounts to only 1/10th of all trades. This just re-enforces the Panic about to set in. It's time to PANIC SAYS SPAIN>
Everything is dust in the wind...
But Spain is not ... Kansas, is it?
This shit makes Cambodia look like Kansas.
When in Spain, do as the Romans.
Panic in Madrid sets in!!!!!!!!!!!!!!!!
http://confoundedinterest.wordpress.com/2012/07/23/monday-morning-blues-spain-gdp-falls-again-euro-plunges/
because betting on the truth has never been popular..
Doh...they forget to ban selling selling.
...but Spain is not Greece!
Alemania defiende que "de ninguna manera" España será la nueva GreciaSPX bearish weekly chart strengthens: an important development.
As mentioned on Friday, SPX downleg continues.
Useful SPX weekly chart at my blog.
http://www.zerohedge.com/news/2012-12-24/market-analysis