Dow Off Triple Digits, As German Short-Selling Restrictions Officially Go Into Effect Until 3/31/2011

Deutsche Mark coin germany


This is starting to look like a gigantic unforced error on the part of Angela Merkel.The new short-selling restrictions are out, and apparently they extend all the way until March 31, 2011 as a response to volatility in the bond market.

We really have no idea what Angela Merkel is thinking, but if the idea was to reduce volatility, it seems safe to say that it’s already failed badly.

The Dow is off about 100. The NASDAQ is off 38.

Next up the euro crashes through 1.22.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at