Euro is tanking on German Short Selling Ban

[JCMach1]

U.S. stocks extended declines, led by financial and technology companies, as the euro retreated to near a four-year low against the dollar and Germany planned to ban certain types of bearish investments.

U.S. equities extended declines as the Deutsche Presse- Agentur news service said Germany will ban naked short-selling starting at midnight, citing comments made by Finance Minister Wolfgang Schaeuble to lawmakers at a closed door meeting in Berlin today. ... http://www.bloomberg.com/apps/news?pid=20601087&sid=asFWbw4CZ6yo&pos=1

[Statistical]

1. The ban makes markets believe things are actually worse.

I have been short Euro since January. Every-time I am about to cover there seems to be another leg down.

I am starting to think I can ride this train to parity (1E = $1).

[JCMach1]

2. Am also shorting Euro through an ETF

EUO

Have only been in 2 weeks, but am up close to 10% already.

The short trading ban is a big deal and I can't believe they would do this unless another shoe is about to drop. :(

[Statistical]

3. Yeah I using EUO too.

Much easier than using Forex account. Plus 2:1 leverage is a little bit more manageable than 100:1 leverage in Forex.

Then again man I would have made some money leveraged 100:1 while Euro declined 15%. :)

[JCMach1]

4. Exactly, not all good though, the rest of my portfolio is tanking

due to the Dow's reaction to the German news.