On The Joke That Is The "Efficient" Italian Market

Yesterday we joked that we:

Need a short selling ban in Italy. All the evil speculators’ fault

— zerohedge (@zerohedge) February 25, 2013

Today, we were reminded, that in a socio-fascist, insolvent world, the thin line between the Onion and reality no longer exists:

• ITALY’S CONSOB CONSIDERS SHORT-SELL BANS FOR HEAVILY SOLD STKS
• ITALY REGULATORS CONSIDER MEASURES TO TIGHTEN VOLATILITY LIMITS
• ITALY REGULATOR DISCUSSING VOLATILITY MEASURES WITH EXCHANGE

And:

• CONSOB BANS SHORT SALES ON INTESA

Next, as always happens, will be a ban on selling, then finally, a confiscation of all discretionary accounts by the government. Because the government knows what’s best for you, and are here to help you with your “sell” execution.

Zero Hedge

On The Joke That Is The "Efficient" Italian Market