Germany Bans Naked Short Selling

[value-is-what-you-get]

http://www.reuters.com/article/idUSTRE6341EA20100519?type=ousivMolt

 

A negative market reaction?? 

 

Am I missing something here? - seems to me it is a huge positive for all of us not in the "bucket-shop" industry.

[T-bone1]

I think the major concern is that the might be putting this ban in place because they plan to restructure the debt of greece (and any other PIIGS that can't turn it around) and they don't want people speculating/profiting on it or making matters worse through CDS, shorting banks etc. German banks own a lot of Greek paper and would likely need assistance in the event of a restructuring.

[Myth465]

I am starting to believe that the news agents just subscribe the news of the day to the market reaction whether up or down. I see this as good news. The market in my opinion is going down because it needs to.