Shorting ban sends bank shares soaring

[HairyArsedBloke]

Do any of you lot know what you are talking about?

but don't tell my clients. I've fooled them for years.

[AtW]

but don't tell my clients. I've fooled them for years.

I am sure they knew you faked it.

[Peoplesoft bloke]

Do any of you lot know what you are talking about?

No, but I never claimed to.

[bobhope]

So all the market's woes are due to short sellers and nothing to do with lending people 125% of over-valued houses to people who can't pay it back?


Somebody needs kicking and it isn't the shorters.

[KentPhilip]

So all the market's woes are due to short sellers and nothing to do with lending people 125% of over-valued houses to people who can't pay it back?


Somebody needs kicking and it isn't the shorters.

Exactly.

[KentPhilip]

It's not the same, but it is indeed very different operation from shorting - that involves selling shares which may affect market, where as spread betting doesn't. I suppose I'll let you off this one.

er yes it is either exactly the same or very similar. If you short a stock and it goes down in price you make a profit. If lots of people do this then it moves market prices. That's the whole idea of markets and price movements.

Spreadbetting does not involve selling of physical stock but you can be sure that the spreadbetting firms will nett off their exposure on the markets themselves so the effect on the markets is the same or very similar.

[ace00]

FTSE 100 .FTSE 5,275.00* +395.00 (8.09%)

It's all better now. Nothing to see here. Move on.

[AtW]

er yes it is either exactly the same or very similar.

It's not the same at all. The profits/losses might be the same (unlikely as spread betting involves leverage where as shorting may not involve it), but in terms of effect on the market spread betting is a side activity. You might as well think that spread betting on football match affects its outcome - not unless some insiders are betting and going to rig the result.

[aceboy]

This doesn't make sense to me - what advantage would there be to anyone in defaulting on their mortgage?

Well as it can to take upto 3 years to settle the dispute, you live somewhere for 3 years with out paying anything then move on....

I didn't go into the full ins and outs as we didnt have time, but I bet it would bugger your credit rating....

[ThomasSoerensen]

Like the avatar BTW.

Should casino's offer new roullette maybe? Just with a big "1" in the middle with odds 1/1 - 1 ?

AtW - tsk tsk