Belgium, France, Italy, Spain TOverrule European Regulator,to Impose Standalone Short-Selling Bans
http://www.zerohedge.com/news/belgium-f ... lling-bansStop the presses. Barely did we have time to report that European regulators failed to impose a coordinated short selling ban, that Bloomberg reports that
the countries most impact by the market plunge are about to impose standalone short-selling bans. These are
Belgium, Italy, Spain and France. In other words, it really is on and the 2008 Lehman PTSD flashbacks may now resume. Until we get a headline that says it isn't. The rescue of the Borsa Italian is now more schizophrenic than that of Greece. As a reminder, in the previous post the FT quoted
Abraham Lioui, a professor at the Edhec business school in France, who said “It is the worst thing to do right now. This would signal to the market there may be something fundamentally bad that is happening." He is correct.
Something is fundamentally very wrong and about to break.attachez vos ceintures...