Wednesday, May 19, 2010
Play nice
The Telegraph: Markets crash as German short-selling ban bites
Amid scenes reminiscent of the financial crisis of 2008, markets reacted with a mixture of disbelief and anger to a German government ban on short selling of European Union government debt and banks.
"Nobody has a clue what is going to happen next," said Anthony Peters, a strategist at Swissinvest.
"Politicians have shown they have no understanding of markets. They are firing the wrong calibre gun, at the wrong target and they are missing."
Posted by devo @ 08:58 PM (773 views) Add Comment
7 Comments
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1. icarus said...
More quotes than numbers. So stockmarkets fell by up to 3%. No attempt to put this into some kind of context. And why is this so important if analysts are saying it's unenforcable (since the banned trades can be made on other markets). And that guy should brush up on his metaphors - missing the wrong target is better than hitting it.
2. Devo said...
they say market sentiment is important
3. devo said...
they say market sentiment is important
4. icarus said...
As Uma Thurman said in Pulp Fiction "They say a lot of things, don't they?"
5. devo said...
did she also say 'most of them turn out to be true'?
6. icarus said...
No, she didn't say that. She said that the story under discussion that They were putting about (that her husband threw somebody out of a 4-storey window for giving her a foot massage) was quite untrue.
7. devo said...
why do i detect an air of menace lately?