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« The bad news about rising GSE shares | Main | UK banks are hitting the wall »

Why didn't we think of that before?

The Karachi stock exchange's management has had a stroke of genius. (Or some sort of stroke, anyway.) Stock prices have been falling fast, so, as of today, they won't be allowed to fall any further - no sales will be permitted below yesterday's closing price. (via CR)
Meanwhile, another look at the effect of the no-naked-shorting rule on Risk News: Short sales climb in wake of SEC injunction lapse

Posted by Alexander Campbell on August 28, 2008 11:51 AM |

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