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Euro Crisis Returns; Italian Shares Rocked; Short Selling Outlawed

As Nigel Farage predicted on July 3 (thanks to CSA1861):

http://youtu.be/lYoh7XhYe1k

And as if outlawing short sales will do anything to help. In the end, it will only make the crash worse.

LONDON (MarketWatch) — Italian and Spanish stocks tanked with banks dropping sharply Monday, as sovereign bond yields skyrocketed amid renewed fears about the future of the euro zone and worries over debt problems in Spain’s regions and Greece.

Trading in major Italian banks was suspended for about an hour during the morning after their shares incurred steep drops, while authorities in Spain and Italy imposed bans on short selling to stem market volatility. European-listed resource firms were also heading south, as oil and metals prices traded lower across the board to start the week.

The Stoxx Europe 600 index XX:SXXP -2.72% tumbled 2.7% to 251.25, outpacing a 1.4% loss sustained Friday, when concerns over Spain’s debt situation dragged markets lower. U.S. stocks opened lower on Wall Street.

C o n t i n u e   @   M a r k e t W a t c h . . .



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AHAHHA

HOLY SH!% !!!AHAHA

Nigel had me literally

Nigel had me literally laughing out loud!

fireant's picture

I sometimes think that is his assigned task...the jester.

don't know that he actually ever does anything...

Undo what Wilson did

It's not like he can actually do anything in his position

The European Commission decides, the European Parliament rubber stamps. That's how the EU operates.

Please visit my site for more information about my libertarian book. Thanks!

fireant's picture

I understand, but I'm old enough to know there is always

politicons telling us what we want to hear. Not saying Farage is one; don't know. He is entertaining though.

Undo what Wilson did

I like him.

He's my kind of politician. Say it like it is!

UK Ambassador

He would be the ideal British Ambassador to a Paul Administration.

"First rule of Government Spending: Why build one when you can have 2 at twice the price?"
-S.R. Hadden

Notice when financial

Notice that short selling is outlawed when financial criminals are about to lose the shirt of their backs. Banning short selling is a BIG red flag! The criminals are running the show, folks. Pound this latter fact into your brains. The criminals are running the show, folks.

Nigel has a "BIG PAIR"

Heard him on AJ...I was impressed..

Don't know why

But he reminds me of our founding fathers (remember, they were British to begin with). I would love for him to move to the USA and run for congress, but we need him there fighting for us all.

lol ban short sale, ban buying to cover at the same time and

remove a price support.. ya always that one same solution that makes matters worse, retarded as ever, just like 08.

Drum roll with a high hat symbol crash, please!

.

"If you want something you've never had before, you have to do something you've never done before." Debra Medina

Oh sure, that'll solve everything.

This is like watching bank robbers getting together and agreeing to use less tape to bind hostages on the next heist.

IT'S ALL A CRIME no matter what "cuts" are made!!!

This just shows just how completely reliant these banksters are on their precious system. They don't even have the guts to abandon a sinking ship because their entire self worth completely relies on their monetary gains and the resulting social status they enjoy. And all that is a bunch of meaningless... nothingness really. Can these people sit with the rest of us and talk about helping the community and our families and friends?? Would they know how to barter their skills in exchange for food? NO! Of course not because they have no idea how to do that and they have no useful skills. All they know is this corrupt financial system.

Some may say, "well they have acquired mansions and castles and a bunch of material wealth, so they're better off then the rest of us." Uum and how will they maintain the financing of all that material wealth when they get exposed and their precious currency machine comes to a halt? Simple—They won't. Instead they'll try and set fire to their mansions to collect the insurance and maybe get caught, proven guilty and their only way out of the mess they've created will be a cowardly suicide after they receive their guilty verdict like former Wall St. Exec., Michael Marin.

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

This is only appropriate

Nigel Farage, July 3

"You don't have any credibility, but one piece of helpful advice from me - Don't this summer go on any billionaire's yachts on extended holidays because the markets guarantee we'll all be back here in August. Thank you"

http://www.youtube.com/watch?v=lYoh7XhYe1k

"You must be frank with the world; frankness is the child of honesty and courage...Never do anything wrong to make a friend or keep one...Above all do not appear to others what you are not" - Robert E. Lee, CSA

This is only appropriate

Nigel Farage, July 3

"You don't have any credibility, but one piece of helpful advice from me - Don't this summer go on any billionaire's yachts on extended holidays because the markets guarantee we'll all be back here in August. Thank you"

http://www.youtube.com/watch?v=lYoh7XhYe1k

"You must be frank with the world; frankness is the child of honesty and courage...Never do anything wrong to make a friend or keep one...Above all do not appear to others what you are not" - Robert E. Lee, CSA

SteveMT's picture

Spain joins Italy to ban short selling. It's crunch time!

Spain, Italy Ban Short Selling to Slow Market Turmoil
By Jim Brunsden and Alexis Xydias on July 23, 2012
http://www.businessweek.com/news/2012-07-23/spain-italy-ban-...

Holy crap!

They can't stop it now!

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul