Aussie shorts are dropped

Speculation is all well and good û just as long as it is only speculating that prices will go up. While you can still borrow freely and push up stock prices to unnaturally exuberant levels, just try borrowing the shares to short those stocks back down to fair value. The long knives have been out across the world for stock shorting rules. On Monday, the Australian securities exchange announced that naked and covered short selling is banned. A re-assessment will take place in one month,…