NYSE Warns It May Break For Third Time In Two Weeks, Invokes Rule 48 Again

Comments

[ZeroPower]

Suspends the requirement for MMs to send pre-opening b/a.

Well, talk about perfect!

[Hx3]

It's called convient?

[DeweyLeon]

Newton would not be pleased.

[papaswamp]

Damn I was too slow...dicks!

[pan-the-ist]

Hang on to your hat, it's going to be a bumpy day.  Heads I buy the dip 30 minutes before the close, tails I don't.  Tails, I don't.

[badameli]

I believe, you sir; rigged the flip. You are likely flipping a double bear-tailed coin!

[LeBalance]

don't let the wall street wizards dip into your tail.

[pan-the-ist]

When the moon is waning and it is an odd day, there is no 'melt up.'  I've been keeping notes...

[Johnny Bravo]

I think that we're going to see an intraday rally, and that the market will paint a hollow red candle today, leading to a brief countertrend rally, possibly up to the low 1100sish.

[badameli]

The question I've got - is, "Will it rally up my metals to the stratosphere?"

[hognutz]

Things are going to be interesting as all hell today!

[AN0NYM0US]

speaking of rules this via NC

820 replaces 157, level 2 messed up

Even for me, I will admit that is a cryptic title. It gets worse. It’s about accounting.

Let me explain. The principal US accounting standard about fair value was Federal Accounting Standard 157, or FAS 157 to its (few but loyal) friends. As part of its update, 157 has acquired a new number, and it is now FASB ASC Topic 820, Fair Value Measurement and Disclosure. The FASB text is here.

Why should you care, dear reader? Well, there are two things in 820 that struck me as apposite; one good, one bad.

(At this point if you don’t know about the three levels of FAS 157 you might either like to read about them or skip to the next post.)

The good one first.

[ratava]

Judging by the eurusd, PPT is at it right now.

[LeBalance]

any more I don't think there is a time when they are not "at it."

[UGrev]

Stupid Noob Question Time:  I'm just wondering if the guys on the floor, when they see this invocation happen this many times in such a short period, that it's all that is really needed for them to determine what to do when the gates open? or does it not matter?  just asking because I haven't a clue how that rule works or what it does. 

[SteveNYC]

Hilarious. "Weekend at Bernies" market, dead as a doornail......yet they keep trying to prop the pig up, disrupt price discovery, not allow fundamentals to reign supreme.

Just leads to a bigger bang baby!

[MacedonianGlory]

Greece 2.0

[Rick64]

Another beautiful day. ES is 1045. Its good to be short.

[Jim in MN]

Dear Sirs and Madames, I am very sorry for the inconvenience but as it has been revealed that my marbles are not simply attractive glass spheres but are indeed a diabolical concoction of crack cocaine, pheromones and glass shards intended to first lure the unsuspecting and then painfully separate their life spirit from their coarse and mortal flesh, I fear I must.....(ahem)

TAKE MY MARBLES AND GO HOME....BWWWWAAaaaaaaaaaaaa, etc.

Yours Felicitously,

The New York Stock Exchange.

[taraxias]

What's the over/under on Uncle Ben announcing QE II by the end of August?

[topshelfstuff]

Let me Note here in this post what one can see if they are watching a Real Time Streamer of Trades on SPY. Beginning at around the time of 9:36-9:37 the Quote is at 105.07 and is Not being allowed to change, though all the trades going on are well below and at 104.8 now ???

[Caviar Emptor]

There are serious issues beneath the surface of this market (and I'm NOT referring to The Oil Blob beneath the ocean). External events like Korea will be the obvious place to point fingers. But funding issues moving forward will rise to the surface. Beads of sweat are beginning to form