Reuters: Germany to ban shortselling, tonight

http://www.reuters.com/article/idUSBAT00546320100518

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.
 
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.
 
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
 
As an earlier poster pointed out, there is a big difference between banning short selling and banning naked short selling...
 
Hugh Hendry recently stated he could start to believe in inflation when governments would start to ban shortselling as one of the catalysts.
 
Quote from Kassz007:

As an earlier poster pointed out, there is a big difference between banning short selling and banning naked short selling...
More...

exactly, if only these stupid f*#ks at CNBC knew that isntead of always crying doom.
 
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