Today French, Belgian and German market regulators extended bans on the short selling of financial equities - on the heels of Switzerland’s Thursday announcement on the same ban for the Swiss stock exchange (SWX). At least 13 European countries followed the lead of the US and UK in September in adopting a ban on short selling. UK, Italian, Dutch, and Austrian bans will expire in the next six weeks; Belgium and Germany said they will extend their bans till late March.
Both the US and China let their temporary ban on short selling expire. We view these as positive capitalist decisions that will benefit the marketplace. In 2009 we’re looking to be long capitalist nations that proactively manage their economies. The EU’s consensus on short selling confirms our bearish views on the region.
Matthew Hedrick
Analyst
Both the US and China let their temporary ban on short selling expire. We view these as positive capitalist decisions that will benefit the marketplace. In 2009 we’re looking to be long capitalist nations that proactively manage their economies. The EU’s consensus on short selling confirms our bearish views on the region.
Matthew Hedrick
Analyst
