Wow sell sell sell… Why? Because Germany introduced a ban on naked short selling?
Germany will ban so-called naked short-selling from midnight, a lawmaker with the ruling Christian Democratic Union told Dow Jones Newswires. He added that Chancellor Angela Merkel will announce the plan in her speech to the lower house of parliament Wednesday morning.
Naked short selling—which differs from short selling in that the sold shares aren’t borrowed in advance—came under fire at the height of Greece’s struggle to refinance its debt, with many euro-zone governments saying such transactions in credit-default swaps, a type of default insurance, artificially inflated Greek funding costs.
Wow, Is naked short selling legal in the US?
Its not legal?
So Germany is introducing legislation on par with the US?
YEAH that’s REAL logical!!!
Or could it be something else? Could be that bears are trying to scare the market?
You decide… Logical or not?