Spain's three-month short-sale ban - following a similar ban in Italy on shorting financials -...


Spain's three-month short-sale ban - following a similar ban in Italy on shorting financials - shows the countries succumbing to a "Siren song," Steve Goldstein says: almost irresistible, despite the damage to come. Beyond the quick gain, the drop in liquidity isn't worth it - and it's not shorting that's at fault, it's Europe's debt crisis. "That said, even a doctor facing an incurable cancer must obey the Hippocratic oath: First, do no harm."
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Comments (6)
  • ksmiami
    , contributor
    Comments (7) | Send Message
     
    As I predicted, we are rapidly approaching Euro Deathwatch 2012... It is time to break the pact, have the countries create new markets and their own currencies and admit that without a strong centralized governing body, a central currency for 17 countries makes no sense.
    23 Jul 2012, 10:24 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    Short selling bans are just more evidence of much further market declines coming in future weeks and months.
    23 Jul 2012, 10:27 AM Reply Like
  • sbrunton1956
    , contributor
    Comments (22) | Send Message
     
    Heavens to Betsy, the big boys' ATM machine has been turned off! Where else on Earth can you sell something you don't own legally? Short selling on the scale it's practiced these days is nothing more than manipulation.
    23 Jul 2012, 10:29 AM Reply Like
  • Bear Bait
    , contributor
    Comments (922) | Send Message
     
    sbrunton......I totally share and agree with your opinion on short selling.
    23 Jul 2012, 11:12 AM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    So, you want to ban the longs too? They're sellers also..

     

    Let's take the kindergarten attitude right to it. You have to ban ALL sellers for this to work. That's why ss bans don't work.

     

    The longs are still going to sell, the stock will end up 50% lower, and there will be NO new buyers, because "entry points" can no longer be created.

     

    The fastest way to kill a market is to ban the price discovery side of it. Then they will be trying to figure out why the ss ban is not working. OMG!! It's still going down!?!?! But, but, we banned the shorts!!!!
    Yes, but, you forgot to ban the longs from simple selling... Retard..
    23 Jul 2012, 12:07 PM Reply Like
  • labas112
    , contributor
    Comments (496) | Send Message
     
    Ha....Hi-5 on that comment! Had to Like it.
    23 Jul 2012, 01:49 PM Reply Like
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