It is nice to be able to say I told you so after the predicting the recent crash on Sept 5th.
Probably nicer now though is taking a step back and seeing others do the same – such as Germany’s Merkel who asked the US and UK to pull short selling a while ago – which they have just done. You could say they where quite short with one another…
Lots of others have followed this short selling ban with limited impact though, in Australia it is just naked shorts that are banned (like a 70s beach side holiday), you can still work around it with borrowing.
And of course the Swiss have a decidedly unique way of communicating it too. Banning shorting and reminding people to play nice with no malicious rumours in the same announcement.
Had a bit of a chuckle at that one I must say.