Archived IMT (2009.03.08)

FROM THIS WEEKEND's FINANCIAL TIMES: " However, analysts noted that the Vix volatility index - also known as Wall Street's fear gauge - remained well short of the elevated levels seen last autumn, highlighting the "new nature" of equity selling.

"Broadening selling without heightened fear suggests that shorting stocks has become more of a proactive strategy than a reflection of forced redemptions and margin calls," said Ashraf Laidi, strategist at CMC Markets." "