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Apparently not, since the powers that be once again banned short-selling for another 15 days.
In a panic move from the political side (yes the people that are causing the financial mess to begin with), they placed a ban on all short-selling in France, Italy, Spain and Belgium. This will obviously stop the people speculating on the downtrend of stocks but will it stop the general fear induced in the markets? Probably not! A downtrend is a downtrend caused by fear, not caused by optimism in shorting as a way to get rich. Sure there are the hedge funds shorting their positions, but calming the markets by banning short-selling? Once again we see how politicians are acting as financial advisers and financial guru's while their job is obviously a complete different one. Someone must be wanting to stay in office really bad in those countries. One has to ask why politicians are spending more and more time interfering with the free market they all seem to publicly cherish. Dear political puppets - if you read this, please leave the financial markets all together and let people that are educated in this sector work it out. Go back and vote on some new legislation that is going to make you all personally richer, but stay out of the free markets - thanks. |
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