That ban ends of the same day as the Fed Jackson Hole meeting concludes and Ben Bernanke speaks. Maybe Europe is expecting a miracle announcement from Ben.
They got grubby little fingers
And dirty little minds
They're gonna get you every time
Well, I don't want no short people
Don't want no short people
Don't want no short people
'Round here
If I was long a stock and the government placed a ban on the shorting of that stock then...
ReplyDeleteI'd be looking for reasons to sell that stock as FAST as is humanly possible.
I'm amazed that people can't work through the unintended consequences of their actions.
It is probably good that I'm not in charge of the economy. I'd certainly be more devious. Reverse psychology would be a start.
Picture what would happen to a bank stock if the government banned buying more than 10 millions shares of it in a given day! ;)
I'm picturing the statement to go along with it. Simply reuse the I-Bond wording, lol.
ReplyDeleteWhy is there a purchase limit on banking shares?
The purpose of the banking share program is to provide individuals with a way to save or invest relatively small amounts of money in banks. Individuals with saving or investment needs in excess of the banking share purchase limit who desire the safety and stability...
Picture what would happen to a bank stock if the government banned buying more than 10 millions shares of it in a given day! ;)
ReplyDeleteHilarious! Of course, they are doing the opposite.
The last two weeks have been exhausting trying to stay nimble and out of harms way. Plenty of risk/reward and I am fortunate to have on the reward side (so far). But it Looks like the next couple of weeks are shaping up the same way. I need a rest from crisis mode!
Here's something else they could try.
ReplyDeleteTop 10 Banned Films of the 20th Century
#09 - ALL QUIET ON THE WESTERN FRONT [1930]
However, during the film's brief run in Germany, the Nazis released rats into the theaters to scare off movie patrons.
Wouldn't that inspire confidence! Mwuhahaha! ;)
From Ice Cap Management report:
ReplyDeleteAugust 26, 2011 will likely go down as one of the most anticipated days in financial history. On this little old Friday, the last day of the week, the one where most people are kicking off their day with cappuccinos and ending it with a few swifties at their local pub,market players will be waiting for 3 key events. Luckily for investors, the order of these events is guaranteed to generate another 500 point day in New York. At 3 am EST, the starting pistol will be fired with the expiration of the short-selling ban on European bank stocks, followed next by the 8.30 am EST 1st revision to US Q2 2011 GDP number, and then the day will culminate with an afternoon announcement from Mr. Bernanke at the annual Jackson Hole conference.
The question is, will he speak central banker gibberish or rise to the occasion and announce the largest money printing scheme in history? Either way, there will be rioting in financial markets.
Arghhh! I need some rest from the drama.