Talk about over reacting. Temporarily suspending shorts in financials until the mess is sorted out.. I can see that. Fine. BUT THE ENTIRE MARKET? WTF? Gay.
Short selling ought to be banned at times like right now, it's not about keeping markets free or not, it's about stopping financials being sold into nothingness, no banks - we are all screwed, you want that or free markets?
Since these guys are so fucking retarded, their next step will be to ban ALL selling. You bought it, you own it. NO MATTER WHAT. This is surreal.
Don't be too surprised when they ban private property ownership due to "emergency" either. We're on a slippery slope folks. As soon as they bring back short selling, there will be a crash.
Why isn't this being talked about more on CNBC? This should be the biggest story in 20 years. Is this all BS?
http://online.wsj.com/article/SB122178234612954617.html anyone got subscription to paste, this fucking thing wont let me read the rest of the article