Spain Follows Italy In Banning Short Selling

Moments after we reported the announcement of the Italian short-selling ban we had a simple question:

Where is the Spanish short selling ban? They are slacking

— zerohedge (@zerohedge) July 23, 2012

We now have our answer, as Spain has jumped on the banwagon^TM

• SPAIN STOCK MARKET REGULATOR BANS SHORT SELLING
• SPAIN'S SHORT SELLING BAN INCLUDES DERIVATIVES, OTC INSTRUMENTS
• SPAIN'S SHORT SELLING BAN COULD BE EXTENDED BEYOND 3 MONTHS

And just because in Europe one has to constantly outdo everyone else, the Spanish short selling ban is on all stocks, not just financials.

Next up on the banwagon: everyone else, now that the stigma of admitting 2012 is precisely just like 2011 (as we have been warning since January 1 of this year) is gone. Expect the ultra short relief rally to be follow by new plunge to historic lows.