Short-selling of financial stocks is to be banned in the United Kingdom from midnight on Thursday night under rules drawn up by the Financial Services Authority.
In the US there is a more complicated rule, "no short sell on a down tick" (you cannot sell short if the last price movement was down) and there are ways to get around it. A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
BBC news is showing photos of happy, smiling traders.
Peak panic is over. Everyone is saved!
What are we going to obsess about now?
