Perhaps Australia made the right decision....Something to consider.....the SEC and OSC have banned shorting financial stocks.....so this means that the short players have shifted their focus to regular commodity plays.....so there is added downward pressure ...
Perhaps this is one of the reasons why Australia banned shorting on all stocks.....maybe they felt that banning on certain stocks would only add more downward pressure to other areas.....too bad our geniuses at the SEC and OSC can't think that far ahead....
The ban on short selling financials was extended to October 17th.....and it will probably be extended again ....so there will be continued downward pressure...
My take on curretn events....comments anyone