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Thursday, August 11, 2011

8/11/2011 - Milan Bourse Says Will Not Resume Futures Trading On Thursday For FTSE MIB

Just in case there was any wonder what the outcome of the refutation of the short selling rumors was, here it comes courtesy of Reuters, which informs us that the Milan Bourse has decided trading will not resume on Thursday for futures on the FTSE MIB. We doubt this is due to concerns of an explosion in buying. If Italy opens close to limit down again tomorrow, and the contagion once again spreads to France, expect an imminent resumption of a short selling ban, only to be refuted yet again 10 minutes before market close, concurrent with a day-long halt in all futures trading. And so on ad inf.

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