This just in from the Associated Press:
Notions on high and low finance.
ATHENS, Greece — Greece has banned short selling on the stock market for two months from
Tuesday, after shares on the Athens Stock Exchange plunged to their lowest level in more than 14 years.
The bourse’s general index sank below the 1,000-point mark Monday, closing down 6 percent at 998.24 — the lowest level since January, 1997 — as financial markets were buffeted by worries over the U.S. economy following a downgrade of the country’s debt.
Can you think of any problems other than vicious speculation by the shorts?
No comments:
Post a Comment