Posted on 05/18/2010 11:11:56 AM PDT by blam
Selling In Stocks And Euro Intensifies, As Rumors Of German Government Short-Selling Ban Spreads
Joe Weisenthal
May. 18, 2010, 1:16 PM
Update: the government has confirmed a naked short selling bond in certain securities. The euro has fallen below $1.23.
Original post: There are headlines coming out of Germany that the government may institute a short-selling ban.
Earlier, ZeroHedge cited a Reuters article saying that a short-selling ban would apply to stocks and bonds.
But according to ForexLive, the report indicates that it's a naked short-selling ban.
There's also chatter that Merkel may push for a transaction tax at the G20 meeting.
We have no idea what's actually going to happen, but things have deteriorated in the last several minutes.
The Dow is off 57.
The euro may soon slide below $1.23.
(Excerpt) Read more at businessinsider.com ...
The Euro will drop below par because Europe has sold out to the enemies of Israel. As Obama the Islamofascist curses Israel, then America will continue to be cursed. So bottom line, both currencies are destined be used for toilet paper. The answer is to come out of this insane Obama, one world government agenda and love and serve God.
Fasten the belt!.....Dow picking up to the downside...now down 94.
Down 100....
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