Posted on 03/08/2020 7:27:23 PM PDT by nickcarraway
Matteo Salvini @matteosalvinimi · 6h 🔴 In vista della riapertura domani dei mercati finanziari chiedo siano vietate le operazioni di vendita "allo scoperto" anche con l'uso di strumenti derivati. (1/3)
Matteo Salvini @matteosalvinimi · 6h In situazioni come queste a volte in pochissimi guadagnano cifre enormi a danno di tutti, ci ricordiamo ad esempio il caso di Soros nel 1992 che costruì la sua fortuna con una speculazione al ribasso contro l'Italia. (2/3)
Matteo Salvini @matteosalvinimi · 6h Non è tollerabile che qualcuno approfitti di un'emergenza nazionale speculando a danno dei risparmi degli Italiani. Confido che la Consob reprima ogni tipo di abuso con la massima severità. (3/3)
In view of the fact financial markets will reopen tomorrow, I ask that short selling be prohibited even with the use of derivative instruments. In situations like these sometimes, a few investors can make huge amounts to the detriment of everyone else. For example, in the case of George Soros who in 1992 built his fortune with a short speculation against Italy. It's intolerable that someone can take advantage of a national emergency by speculating to the detriment of Italian assets. I trust that the Italian Securities & Exchange Comission will stop any type of abuse with the utmost severity.
If anyone wants to improve the translation, please do. I have very limited Italian.
Ping.
I don’t like Soros more than most, but banning short selling isn’t the best move long term as it will rattle confidence in having a free-trading market.
Soros is easily the most evil person since Mao Tse Tung.
Just my opinion of course.
Can’t we kick this bastard out of the USA?
In the age of quant and algorithm trading there are much more subtle and leveraged ways to affect markets. If you watch the link between the yield on the 10yr bond and S&P prices its clear that driving down the yield is tanking stock prices.
In an environment that is uncertain (high VIX) it would not be hard to pile into 10’s if you had enough leveraged money and drive down the market with very little risk. Nobody at this point would be crazy enough to short 10s so its a fairly low risk gambit.
There is no legitimate reason why large pools of money would continue to pile into 10s where there is no risk return over cash. Of course, nobody can ever prove it, but if Soro was behind this, at least in part, I wouldn’t be surprised.
This mirrors our conversation yesterday.
http://www.freerepublic.com/focus/news/3822682/posts?page=86#86
Is former Italian PM Matteo Salvini a Freeper?
bttt
I admit, this is very interesting. I do think short selling should be banned. I’d take it further and say it should be made illegal permanently. Making money off the misfortune of others is pretty sick. It’s also used by scum to drive a stock down so low that it harms companies ability to raise capital (naked shorting). Companies have been ruined by these sorts of mob attacks.
I don’t see how you could ban short sales without banning an awful lot of other sales that when packaged together, equal “selling short”. Promising to buy or sell at an agreed upon price at a future date is the basis of selling short, and a whole lot of other things.
Well then Italy should kill him in the best interest of the people of Italy. Easy enough.
I'd prefer someone shorts Soros.
The govt. should - for a period - allow stocks to be purchased, only, and not sold.
That would prevent the Dow Jones Index from sinking farther, wouldn't it?
/s
Regards,
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