Australia Bans Short Selling

Quote from kiwi_trader:

Its always good to know that some fool will take it to the next level.

Well we have more at stake than making love to our sheep like New Zealanders
 
Quote from dont:

Fuck you have too wonder if these people believe in free markets, you have a little move down and they ban short selling, what are they gonna do when the market plummets 20% anyway, order asset managers to buy?

I think there are precedents for this in asia ~'97
 
As they are clearly looking to Pakistan and Malaysia for policy guidance I imagine the next move will be to ban stocks going down and to legislate against any exodus of foreign investors funds.
 
I think it is this risk of further draconian measures that will keep a bid under stocks. Artificial? maybe -but a bid nevertheless.
 
all the want to be gods of politics will just hold up a healthy and necessary recession to become the crashing depression, I say they should at least flip a coin when making major decisions like this, there is much more justification in that method.
 
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