Markets Soar, but New Rules Upset Traders (New York Times)
Das Geschehen an Börsen ist komplex. Die Regeln, nach denen gehandelt wird, sind komplex. Es ist ein System, das unvorhersehbar reagiert. Deshalb ist es doppelt verwunderlich, dass die US-Regierung sich traut einfach so von einem Tag auf den anderen die Regeln des Spiels zu verändert und das Short-Selling verbietet. Über das Chaos, was dies auf Seiten der Händler verursacht, berichtet der New-York-Times-Artikel.
Ausschnitt:
In a day of chaotic trading, the currents in the financial world changed course on Friday morning after the Bush administration moved to prop up faltering financial institutions.
Stocks that had been beaten down soared. Treasuries and gold, where investors had sought safety in recent days, plunged. Junk bonds shot up. [...]
But across Wall Street, many of the basic mechanisms of the marketplace broke down after the Securities and Exchange Commission announced on Friday morning that it would ban short selling in nearly 800 financial stocks [...].
Computers that automatically buy and sell for big investors hit snags because they were not programmed for such a restriction. [...]
Some traders said they were no longer betting on the intrinsic health of companies, but rather on what the government might do next. Others simply withdrew from the market. (Quelle: Nytimes.com)
0 Kommentar(e) vorhanden:
Kommentar veröffentlichen