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#1 |
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Data registrazione: Aug 1999
Messaggi: 28,991
Popolarità: 42949684 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
I pasti gratis
Ieri il caso VW dovrebbe aver messo in guardia chi pensava che ci fossero solo pasti gratis perchè tanto lo S&P deve andare a 600 nei prossimi giorni.
Di sicuro per gli shorter ci sarà tanto da mangiare gratis anche in futuro. Ma è giusto che qualcuno cominci a mettere in conto la possibilità di pagare ...... con tutti i soldi che hanno fatto sino ad ora mi pare il minimo ![]() By Tomoko Yamazaki and Komaki Ito Oct. 28 (Bloomberg) -- Japan brought forward restrictions on short selling of shares after stocks in Tokyo extended declines to the lowest levels since October 1982. Finance Minister Shoichi Nakagawa said a temporary ban on so-called naked short sales would take effect today. The temporary ban was previously scheduled to start on Nov. 4. The Nikkei 225 Stock Average has lost more than 18 percent over the past five trading days, led by banks including Mizuho Financial Group Inc., Asia's biggest victim of the global credit crisis. The government joins the U.S. and Britain in restricting short selling as the Tokyo market's plunge to a 26-year low puts pressure on the balance sheets of Japan's biggest firms, which traditionally have large stock holdings in one another. ``We've discussed with the Prime Minister that the next couple days will be crucial for the Japanese market and unless we implement these rules immediately in this crisis, we may face serious problems,'' Nakagawa, who is also minister in charge of regulating the financial sector, said at a press conference in Tokyo. ``We need to have rules that match the level of those in the U.S. and Europe.'' Short sellers borrow shares and sell them, betting the price will fall and they'll be able to buy them later, return them to the lender and pocket the difference in price. In naked short selling, traders never borrow the shares, raising concern that the markets will be flooded with sell orders to drive down prices. Uptick Rule According to a statement on the Financial Services Agency's Web site yesterday, Japan will also require investors with short- sale positions of more than 0.25 percent of the outstanding shares of a stock to report their position to brokerage firms. ``It's too early yet to see the full implications as market participants will need to get clarification on the actual procedures involved in reporting short positions of 0.25 percent of outstanding shares,'' said Rory Kennedy, chief operating officer of Tokyo-based United Managers Japan Inc., a hedge fund adviser. ``Shorting is an important factor in setting a market price in developed markets and to ban shorting outright in order to try and prop up the market is self defeating in the medium term.'' The Financial Services Agency required exchanges disclose more information on short selling on Oct. 14. During a previous slump in the stock market in 2002, the FSA introduced a so-called uptick rule to discourage short selling. The rule allows investors to complete sales only if a stock's price rises in the previous trade. `Crisis Mode' The Nikkei 225 Stock Average dropped as much as 2.4 percent today before ending up 6.4 percent at 7,261.92 at the 3 p.m. close in Tokyo. The 84 company Topix bank's index lost 2 percent, extending its decline during the past month to 40 percent, compared with 30 percent for the broader Topix index. ``We realize that the global market is in a crisis mode and we realize the need for such measures now,'' Atsushi Saito, president of the Tokyo Stock Exchange, said at a press conference in Tokyo. ``Still, for the long term, the exchange's role is not to implement restrictions but to secure liquidity.'' Economic and Fiscal Policy Minister Kaoru Yosano said on Oct. 26 the government may increase to 10 trillion yen ($107 billion) the amount of public funds that can be injected into banks, from an earlier plan of 2 trillion yen. Bank of Japan Deputy Governor Hirohide Yamaguchi said yesterday the bank is considering buying shares in Japanese companies owned by commercial banks. `Selling Attacks' ``We believe that short sellers add needed liquidity to financial markets and that government concerns over `short- selling attacks' can be met with the robust application of an `uptick' rule,'' said Ed Rogers, chief executive officer at Tokyo-based hedge-fund adviser Rogers Investment Advisors Y.K. ``Governments across the world are going to have a very difficult time in attempting to create an artificial bottom for equity market prices.'' Profit is set to decline at Japanese banks after debt from bankruptcies almost tripled in the first half and the global credit crisis pushed the nation toward a recession. The falling value of shares the lenders and other Japanese companies hold as part of their capital has prompted corporate leaders including Shinsei Bank Ltd.'s chairman, Masamoto Yashiro, to call for an emergency suspension of mark-to-market accounting rules. Shinsei is forecasting an 80 percent drop in annual profit as asset values slump. The global credit crisis has caused more than $677 billion of writedowns and losses at the world's biggest banks and financial firms. Tokyo-based Mizuho is the biggest loser in Asia, reporting about $7 billion of subprime-related losses last year. |
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#2 |
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Member
Data registrazione: Mar 2006
Messaggi: 8,959
Popolarità: 42949677 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
azz
sempre in giro per il mondo fermati un pò sotto l'albero ![]() ![]()
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#3 | |
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BANNABILISSIMO
Data registrazione: Nov 2000
Messaggi: 75,314
Popolarità: 42949682 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Citazione:
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#4 |
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krásná zrzavá
Data registrazione: Jan 2003
Messaggi: 23,704
Popolarità: 42949680 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Sfatato il mito della "saggezza orientale".
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#5 |
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Data registrazione: Aug 1999
Messaggi: 28,991
Popolarità: 42949684 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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#6 |
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Member
Data registrazione: Oct 2008
Messaggi: 1,976
Popolarità: 0 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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#7 |
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Member
Data registrazione: Jan 2003
Messaggi: 3,117
Popolarità: 42949680 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
cosa?..................
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#8 |
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Data registrazione: Aug 1999
Messaggi: 28,991
Popolarità: 42949684 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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#9 |
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Data registrazione: Aug 1999
Messaggi: 28,991
Popolarità: 42949684 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Hk crazy bids in the auction rumor to ban short sellin .
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#10 |
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Member
Data registrazione: Oct 2008
Messaggi: 1,976
Popolarità: 0 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
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