The liquidity crisis we are now in (both cash and equities) is now exacerbated by this rule...it is self evident...no argument. We are now fully exposed to a 20 to 25 % movement and KennethG, your logic is absurd. If we could have (and would have) shorted the markets yesterday, I would have been BUYING today...do you get it yet? I doubt it. Hedge funds are exiting because they cant HEDGE and we are all denied natural justice by being told we can ONLY go long with our money in a time of crisis! And of course we have a million dupes donning their brown investment shirts and cheering the new order. This is NOT a free market, it's ASIC one!
