Might be a little more to it...

Might be a little more to it Sandy...

http://finance.yahoo.com/news/SampP-jumps-5-percent-after-rb-14595172.html;_ylt=AuNlXlVlVwsexEtW85nVX2W7YWsA

"U.S. Rep. Barney Frank, chairman of the House financial services committee, said he expects the uptick rule to be restored in about a month. The rule slows the pace of short selling and could help calm volatile markets."

The abandonment of the up-tick rule in July of 2007 has lead many experts to believe that this triggered the extreme volality seen from July 2007.

This may have lead to the financials being heavily shorted and thus being another factor that started all the debacle, and esp as US is (or was to be more accurcate) very heavily weighted on finacials and ofc huge falls in these stocks caused much of why we are today.

Cheers
Muzz