Just as I was about to feel sorry for the Germans for missing Ballack from the starting line up (at the World Cup), they come out with something so stupid, that I had to reconsider pitying them. Did Germany not learn from the US that by banning naked shorts you achieve absolutely nothing? I guess not( Germany Bans Naked Short Sales ). Europeans need to stop interfering with the currency and equities markets, in that sense hey are no better than the US. The Euro however isn't the world reserve currency and thus does not have the built in safety net hat the USD has. For now the Europeans have decided to take the hard road to reality, and the Euro keeps falling... When will they quit manipulating their way to the destruction of the Euro though? no one knows...

 Dear Germany,

It's pretty pathetic that I have to spell this out, but shorts are necessary for healthy markets;

• Shorts cushion market falls, by covering, thus putting in market bottoms
• Without shorts you end up with more free fall, in the markets
• Example: financials in the US, as soon as we banned short selling last year... yeah it was a bad idea.
• Shorts are the only instrument in the market that HAVE TO BUY!

Think about it! This really is beyond stupidity!