Reuters: Germany to ban shortselling, tonight

Discussion in 'Economics' started by Debaser82, May 18, 2010.

  1. Mon, May 3 2010BERLIN, May 18 (Reuters) - German Finance Minister Wolfgang Schaeuble plans to ban short-selling from midnight, coalition sources told Reuters on Tuesday

    Let's see if there is any truth in this.:)
  2. Just delaying the inevitable. This won't impact options, right?

    Germany plans to ban naked short-selling on stocks and euro government bonds, German all-news network N-TV reported on Tuesday.

    German coalition sources told Reuters earlier that Finance Minister Wolfgang Schaeuble plans to ban short-selling from midnight.

    Economy Minister Rainer Bruederele told Reuters that it was possible the short-selling ban would be quickly enacted.

    No other details were immediately available.
  4. Banning short sales? They must be in worse trouble than I thought.
  5. Big time short signal. maybe short EURO?
  6. LeeD


    it only concerns "naked" short-selling, i.e. sellers who are so desperate to short that they don't bother borrowing a stock and just take an overnight fine for non-delivery as carry cost.
  7. this could explain the Dax still hovering not far from its highs for the day.

    there is already very little liquidity, this is going to make things worse.

    these politicians are desperate
  8. As an earlier poster pointed out, there is a big difference between banning short selling and banning naked short selling...
  9. Hugh Hendry recently stated he could start to believe in inflation when governments would start to ban shortselling as one of the catalysts.
  10. exactly, if only these stupid f*#ks at CNBC knew that isntead of always crying doom.
    #10     May 18, 2010