¿habeis Visto El Ibex35?

Alvin Red dijo:

No os parece raro la orden emitida por la SEC de prohibir los short sales durante la proxima semana y hasta el mertes de la siguiente.

No quiero parecer paranoico pero parece que se este preparando algo fuerte durante esta semana, yo iria con cuidado, que las malas noticias llegan de sopeton.

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Alvin Red dijo:

Lee aqui,el texto, esta en ingles, ojo que el link solo te sirve para hoy.

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Burney dijo:

PD: Sigo creyendo que al crudo le falta poco para caer bastante...

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4th UPDATE:SEC's Cox:Limits On Shorting Fannie,Freddie,Others

July 15, 2008: 08:53 PM EST
By Judith Burns Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- U.S. securities regulators are putting new restrictions in place to prevent short-selling abuses involving shares of Wall Street's primary dealers and Fannie Mae (FNM) and Freddie Mac (FRE), the federally backed housing-finance giants.

Securities and Exchange Commission Chairman Christopher Cox told the Senate Banking Committee on Tuesday that the SEC will require short-sellers to pre- borrow shares before engaging in short sales of such companies.

The restrictions, required under a 30-day emergency order issued late Tuesday, will apply to 19 stocks in all. In addition to Fannie Mae and Freddie Mac, they are:

BNP Paribas Securities Corp. (BNPQF, BNPQY), Bank of America Corp. (BAC), Barclays PLC (BCS), Citigroup Inc. (C), Credit Suisse Group (CS), Daiwa Securities Group, Inc. (DSECY), Deutsche Bank Group (DB), Allianz SE (AZ), Goldman Sachs Group Inc. (GS), Lehman Brothers Holdings Inc. (LEH), Merrill Lynch & Co. (MER), Morgan Stanley (MS), Royal Bank ADS (RBS), HSBC Holdings PLC (HBC, HSI), JPMorganChase & Co. (JPM), Mizuho Financial Inc., (MFG), and UBS AG (UBS).


SEC officials said the restrictions could be extended for a longer period, or to other stocks as well.


The restrictions will take effect starting at 12:01 a.m. Eastern time Monday, July 21, giving market participants time to adjust their operations, and run through July 29, the SEC said. It said it may extend the order if commissioners determine that is in the public interest and is needed to protect investors, but for no more than 30 days.

The emergency order raised concerns about "false rumors" about liquidity problems at financial firms and the unwillingness of key counterparties to deal with such firms. Given such developments, the SEC said it has concluded "there now exists a substantial threat of sudden and excessive fluctuations of securities prices generally" which "could threaten fair and orderly markets."

Based on "these unusual and extraordinary circumstances," the SEC said it will take measures to combat naked short selling by imposing borrowing requirements on short sellers in 19 financial stocks.

In addition to issuing the emergency order, the SEC said late Tuesday that it will undertake rulemaking to address the short-selling issue "across the entire market."

Short sellers borrow shares for sale in hopes of replacing the shares later at a lower price. The practice is legal and produces profits when stock prices decline. "Naked" short sellers don't borrow shares in advance of short sales, a practice that critics say can have punishing effects on a stock's price.

The SEC has taken a number of steps recently to loosen some short-selling restrictions while imposing new rules to combat abusive "naked" short selling. It eliminated Depression-era limits on short sales in mid-2007 and required exchanges to do the same, scrapping the "tick test" approach that barred short sales as a stock price ticked down. The move came after a multi-year experiment that lifted short-sale restrictions on selected stocks.

Some critics think the SEC erred. Wachtell, Lipton, Rosen & Katz, a prominent New York law firm with large corporate clients, recently urged the SEC to revisit the matter and consider reinstating the tick test.

Federal Reserve Board Chairman Ben Bernanke, testifying to the Senate panel along with Cox, told lawmakers that "some limits on short-selling are probably appropriate." Cox said the SEC is "very open" to using some type of price test, other than a tick test, "for circumstances like those that we find ourselves now in."

U.S. Chamber of Commerce President and Chief Executive Thomas Donohue applauded the SEC's action in a letter to Cox late Tuesday.

"While legitimate short selling plays a critical role in our capital markets, we must sustancia ilegal down on fraudulent actors who give this important tool a bad name, " Donohue wrote. He urged the SEC to move forward with rules to counter abusive naked short selling.

The emergency order surprised some. Regulation SHO, a package of SEC rules to sustancia ilegal down on naked short selling, requires locating shares for borrowing before short sales. Under Regulation SHO, the extra step of actually borrowing the shares in advance of short sales - as the emergency order is expected to require - is limited to certain hard-to-borrow stocks with persistent delivery failures.

"It's kind of surprising to me," said Larry Bergmann, a former SEC official, now special counsel with the law firm of Willkie, Farr & Gallagher, in Washington, D.C. "It seems to suggest Regulation SHO doesn't work."

Limiting the emergency order to shares of Fannie Mae, Freddie Mac and Wall Street firms makes it appear as if regulators are "protecting these securities from being battered" by short selling, Bergmann added.

Bergmann warned that a requirement to pre-borrow shares could "greatly complicate or interfere with the efficiency of short selling," and, if it is extended to all stocks, "it would be a very different market from what we have now."

-By Judith Burns, Dow Jones Newswires; 202-862-6692; Judith.Burns@dowjones.com

(Brian Blackstone and Michael Crittenden contributed to this report.)

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://

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(END) Dow Jones Newswires
07-15-08 2053ET
Copyright (c) 2008 Dow Jones & Company, Inc.

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Mocito Feliz dijo:

Juas, yo llevo en el ibex desde antes de que tu nacieras, como para preocuparme por una correccion mas. Asi he podido comprar mucho mas barato tolai 😛

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Malditos_Usureros dijo:

Empiezan a limitar los cortos. En especial el "naked shorting" que es ponerse corto sin ni siquiera pedir prestadas las acciones para venderlas, es decir, vender acciones que ni si quiera existen:

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las cosas a su cauce dijo:

-No se si este rebote será el bueno, pero sigo diciendo que en el entorno del 10700 habrá un rebote fuerte.

-Mañana vencimiento de futuros:
A las 12 h vencimiento de opciones de Eurostoxx.
A las 13h vencimiento de opciones del Dax.
A las 16h vencimiento del futuro del Cac.
A las 16h 45 vencimiento del futuro del Ibex.

-Además, "Según comentan ahora algunos analistas el dato de construcción de viviendas que parecía tan bueno es totalmente irreal. Ha habido una serie de cambios estadísticos que lo han inflado. Si se hubiera contabilizado de manera normal habríamos tenido una bajada del 4 % y se habría cotizado como un mal dato, pero claro de eso se van a enterar solo unos pocos operadores avezados.

Un saludo...

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Malditos_Usureros dijo:

Empiezan a limitar los cortos. En especial el "naked shorting" que es ponerse corto sin ni siquiera pedir prestadas las acciones para venderlas, es decir, vender acciones que ni si quiera existen:

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ronald29780 dijo:

Pregunta sencilla de un seglar:

¿Esto afecta tambien a otras bolsas?

Pregunto, porque hay un numero de bancos extranjeros entre los mencionados.

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Malditos_Usureros dijo:

Bueno ya sabemos como afecta el DOW al resto de bolsas mundiales, no hay mas que ver como cuando el DOW abre a la baja todas las bolsas europeas caen.

Si ahora con esta prohibicion los hedge funds se ven obligados a cerrar las posiciones cortas "desabrigadas" que tienen en bancos, puede tirar hacia arriba el vapuleado sector financiero, que a su vez puede tirar hacia arriba el Dow, y por ende el resto del mundo.

Por otra parte acaban de dar ciertos datos, Merrill Lynch malos, no llega a las estimaciones, Microsoft falla 1c, IBM mejora de 8.20$ a 8.75$, Google baja bastante respecto a las estimaciones. Vamos, todos malos excepto IBM, han hecho bien en esperar al cierre... 😀

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scola dijo:

¿donde se puede ver esa noticia please?

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