On The Joke That Is The "Efficient" Italian Market

Yesterday we joked that we:

Today, we were reminded, that in a socio-fascist, insolvent world, the thin line between the Onion and reality no longer exists:

  • ITALY'S CONSOB CONSIDERS SHORT-SELL BANS FOR HEAVILY SOLD STKS
  • ITALY REGULATORS CONSIDER MEASURES TO TIGHTEN VOLATILITY LIMITS
  • ITALY REGULATOR DISCUSSING VOLATILITY MEASURES WITH EXCHANGE

And:

  • CONSOB BANS SHORT SALES ON INTESA

Next, as always happens, will be a ban on selling, then finally, a confiscation of all discretionary accounts by the government. Because the government knows what's best for you, and are here to help you with your "sell" execution.

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