Thursday, August 11, 2011

Here We Go Again

European authorities are preparing to ban short selling. Have these folks not learned anything from 2008? If they think it is bad now, wait for liquidity to dry up, as market makers walk away. What is wrong with their memory? It has only been 3 yrs. Markets kept on falling after initial short covering in 2008. Well, I guess I should not be surprised, I predicted 3 days ago that this would happen within days :)
Forget about normal market conditions under these circumstances...

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