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Rule 48 Invoked
Perfectly expected

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Perfectly expected

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marvel at ur free markets...
fucking bullshit
Let's all put in ridiculiously low bids for NetFlix and Apple to kick this tub over the rails
all of a sudden mister icahn is looking like a genius.
I agree Careless Whisper.
I'm glad some action has finally been taken. Equities drops are now officially illegal in America.
Nerdy libertarians need to deal with it.
The Pigmen will always bend the rules and screw the little guy.
Learn it, love it, trade it.
What a glittering jewel of colossal ignorance.
Kill it quick before it multiplies.
cheaters
can someone explain rule 48 please
illegal check to the head.
bastard!
you beat me to it...
It basically means that the stock exchange stops displaying information on the market to reduce possible selling panicks. You buy and sell à l'aveugle.
Are you fucking serious?? ? No price discovery??? Screw that!! SELL!!
Are you fucking serious?? ? No price discovery??? Screw that!! SELL!!
You can say that again!!
I always knew you were French.
Rule 48: Drink the Kool aid or bend over.
There's smoke coming from the stage and they've locked the doors of the theater.
nice... let's spice that up some more. "My, my my, once bitten, twice shy baby..."
Simple. It's a rule where N.Y. bankers and their 'paid for' government administration in Washington win..........and you lose.
DADT
Did you say "Don't Ask, Don't Sell" ??
It's Catch 22 X 2 + 4
+10x2x12
(standard floor joist....support the floor ,get it?huh?)
Well played!
nailed it
nicely done metaphorplay.
It's five thousand well armed soldiers equipped with night vision goggles demanding the right to ambush three butter knife wielding teenagers with blindfolds on. At night.
Now that is some imagery. Awesome.
ORI
trading blind works for me...
Like clockwork, the scam comes to the forefront again. Funny, they never invoke this rule on up days.
Japan pumps their market with funny money, America shuts theirs down when they don't like the news, what will the EU do and then what the fuk are the markets worth anyway???
Spain dumps the euro and goes back to the peseta:
http://www.dailymail.co.uk/news/article-1364047/Back-currency-The-Peseta...
They've been practicing to envoke this rule in the recent months. Just like FEMA practicing those exercises around the New Madrid FL. http://www.fema.gov/media/fact_sheets/nle2011_fs.shtm
They are basically hiding the fact - by not allowing the prices to be reported prior to the open - if I understand Rule 48 right?
Anyone have a better / more accurate description of the rule?
"Anyone have a better / more accurate description of the rule?"
fraud and manipulation..........
(a) In the event that extremely high market volatility is likely to have a Floor-wide impact on the ability of [Designated Market Makers] to arrange for the fair and orderly opening, reopening following a market-wide halt of trading at the Exchange, or closing of trading at the Exchange and that absent relief, the operation of the Exchange is likely to be impaired, a qualified Exchange officer may declare an extreme market volatility condition with respect to trading on or through the facilities of the Exchange.
(b) In the event that an extreme market volatility condition is declared with respect to trading on or through the facilities of the Exchange, a qualified Exchange officer shall be empowered to temporarily suspend at the opening of trading or reopening of trading following a market-wide trading halt: (i) the need for prior Floor Official or prior NYSE Floor operations approval to open or reopen a security at the Exchange (Rules 123D(1) and 79A.30); and/or (ii) applicable requirements to make pre-opening indications in a security (Rules 15 and 123D(1)).
http://blogs.wsj.com/marketbeat/2010/05/20/exactly-what-is-rule-48/
hiding the fact from the many, the blind, little guys, not from the few and their HFT connections.
More like rule 34...
+bukake
rule 34 for those who dont know...
Generally accepted internet rule that states that pornography or sexually related material exists for any conceivable subject
individual investors...NO EXCEPTIONS!
More free market ideology from the US.....regulators are now allowing IB to rip the faces off their clients.....fully approved by your statist government.
(a) In the event that extremely high market volatility is likely to have a Floor-wide impact on the ability of [Designated Market Makers] to arrange for the fair and orderly opening, reopening following a market-wide halt of trading at the Exchange, or closing of trading at the Exchange and that absent relief, the operation of the Exchange is likely to be impaired, a qualified Exchange officer may declare an extreme market volatility condition with respect to trading on or through the facilities of the Exchange.
(b) In the event that an extreme market volatility condition is declared with respect to trading on or through the facilities of the Exchange, a qualified Exchange officer shall be empowered to temporarily suspend at the opening of trading or reopening of trading following a market-wide trading halt: (i) the need for prior Floor Official or prior NYSE Floor operations approval to open or reopen a security at the Exchange (Rules 123D(1) and 79A.30); and/or (ii) applicable requirements to make pre-opening indications in a security (Rules 15 and 123D(1)).
*** on edit- taken from WSJ
At this precise instant my screen says NYSE is closed....
It won't matter really. They can delay the inevitable but they can't deny it. We've all known for months that the ponz had to collapse by Jun. So did the guys holding all that shit paper.
+1000
Rule 48 halts the requirement for market makers to send pre-opening indications, or bid and ask prices created in auctions used to determine a stock’s opening price. The regulation is used only when the “potential for extremely high market-wide volatility would likely impair floor-wide operations at the exchange,”
Thank god. Wouldn't do for our multi-billionaire bankster rulers to loose sleep over night. Just push the easy button.
Do we get these sort of moves on the upside on a rally? No we do not! When authorities interfere they can make things worse and not better as uncertainty creates fear. Also there is this factor described here.
Your money is no good here. Move to the back of the line.
Every time since 2009, they have invoked this BS rule on major correction days. If you ask me, the people of this country need to burn Wall Street to the ground once and for all. Nothing but a complete ponzi scheme at the ultimate scale.
Why burn it to the ground jk? Just pull you rmoney out and leave. Let them have at each other, like the dogs they are. Bot vs. bot, till the last thief is left standing.
On a pile of burning fiat.
When will people wake up enough? When withdrawl limits come on their Mutual funds? Mutual fund, what a classic, clever, insidious name. Warm and cuddly and we wil never do you harm. We are mutual you know? All together now.
I think people are in terminal shock. Deer in headlights. Cannot see their nose, but sure as hell can see TV and sign up for Charlie Sheen's twitter feed and throw back a bud and bitch about the NFL and dance with the stars.
1984, alive and well in 2011.
ORI
http://aadivaahan.wordpress.com/2011/03/11/axis-trembles/
George ORI?
ORI Orwell? i'm not so sure that our dears are stuck in the headlights. slewie thinks they are stuck on "financial advisors" who tell clients:
1) set up a tax-deferred retirement account!
2) buy these mutual funds which pay me!
3) there! now you are "invested and diversified". now, when you retire you just do this 'n that, see? and, if you want to "change or adjust to changing conditions", you can change the "mix" of your investments and everything!
the bots are bots. the sharks are sharks. the blood is the blood of the financial faithful. they still have uncle sugar for a partner and they are still "invested for the long term". tyler may hafta take the pulitzer for this, from yest: "...a clusterflock of black swans..."
i am personally fascinated by the idea that we seem to think there is still such a place and thing as the "NYSE". who? where? oh yeah---behind Rule 48! no, this is just the PPT, making sure da boyz don't get front-run, demselves, ain't it? dey have now bought da fuking dip. except for GE, of course...
as the statistical analyses of this healthy little chance for "the markets" to get ready for the next up-surge begin to shoot outa the asses of the unicorns like skittles into goldi's pretty mouth, perhaps we shall also be treated to the grand total of the weight and types of radioactive rods and waste that are being incinerated, reminding ourselves that, #5 comes after #4, and #6 after #5, and that, except for some strange, new "seedings" this year, March Madness has yet to begin!!!
;-) Slooie, as always, for soem strange reason, I get you.
Only, I'll call you spewie.
ORI
"Just pull your money out and leave."
well, there it is.
There is no walking down the "up" escalator.
friend of CNBC and all around good mensch, Jeffro Immelt says that nuclear power is a good thing. Please don't think about blaming GE for this problem you are having in Japan....
http://www.reuters.com/article/2011/03/14/us-india-ge-idUSTRE72D26920110314
Perhaps the commentators on CNBC will now look over their collective shoulders now, as they see in their mind's eyes, the death of their retirement funds as GE is sued into oblivion, especially for whoever the braniac was that talked the Japanese into using mox.......
This doesn't fit Calpers 7.9% rate of return model. Fed will make up the difference. Thanks, Ben!!!!
So if everyone bails from equities, surely a jump into gold is probably imminent?!
Futures:
http://www.finviz.com/futures.ashx
Forex:
http://www.finviz.com/forex.ashx
...a buying opportunity for metals?
i gotta believe this is where the gloves come off and traders demand delivery
Personally I was wondering what took so long
Good Morning, and welcome to the world, which is already in progress.
+?????
Sorry, can't get a quote.
And here is Cramer on @ 9:30. I supposed he is about to tell me not to miss the 2,000 point rally we are due when Libya and Japan is resolved.
Why are those people clapping?
Looking good, Billy Ray!
Last effort of the humans trying to control the machines. Computers could give a fuck about the world and the environment that they are trading in. The algos say sell...they sell.
So does this mean we can't get bid or ask prices?
A radiation treatment company's stock is up and that's good news.
NFLX is also up.
nflx is going up bacause everyone will be confined indoors when radiation circles the globe......can you say streaming.
confined indoors watching a whole new generation of "Disaster" movies
There go all my sell stops as I loose 3% - 5% across the board on open.
YES!
Is there a ZH subsciber genius that will call a bottom? Options are have a field day.
Then there is the Arian Propoganda Squad pretecting the dignity of emergnecy victims everywhere again the inappropriate slurs of ducks and gangsters: http://www.youtube.com/watch?v=EN6UJYuH7x0
Yes, I will call a bottom, but it is not now.
Honestly is there anything more annoying than CNBC constantly harping on how the markets are "off their lows" every time we dead cat bounce 45 pts? I honestly can't stand seeing the market close "off its lows" because then I have to hear about it 50x per hour while everyone high fives each other.
Only that you still listen!
Tyler, the link for overview for rule 48 is broken for us less educated about the casino's inner workings.
I'm pretty sure that "link" is in an image.
http://blogs.wsj.com/marketbeat/2010/05/20/exactly-what-is-rule-48/
S&P and NASDAQ below their 100 DMA. Dow still holding on.
Is that sung in the key of Dm or C? I'd like to perform it once with my guitar before I have to pawn it off later today.
Here comes "Bubbles" Bernanke now!
Look at the REITS getting literally jackhammered back up...
Jesus, why not just halt trading?
PPT has clearly stepped in this morning...which is sweet by the way, as more market credibility dies face down in the street, and yet another generation of Americans are now certain to never be involved in these centrally planned markets.
Congressman Paul was correct...the Fed will destroy itself before he ever gets a shot at ending the Fed. It has been happening since August, and this morning's PPT counter rally is just another nail.
Cue hockey helmet wearing brokers on the floor of the NYSE with how bullish plutonium and cesium are! Reiteration on how the infrastructure projects in Northern Japan will increase GDP! Com'mon...where are you crass asshats!
BUY VXX!
The retail brokerages online are fubar. Good luck getting an order in.
They really aren't even paying attention
http://www.cnbc.com/id/42087534
lol its if you dont let me win im taking my bat and ball and going home
no quote from NYSE...my site says its closed...Is it?
Maybe the hackers got to the NYSE.
My favorite Larry Connors quote:
"Philosophically, I live in the world of reversion to the mean when it comes to trading."favorite icon
....but that poor little gal needs a milkin' so bad!
poor little critter
Investopedia is still trading...and losing money.
Maybe someone can explain netflix? There's gotta be a logical reason, right?
Goldman upgraded it to a Buy from Neutral.
Netflix has over 60% of digital movie share.
It's a no brainer - solution to many problems, everyone wins (except movie pirates).
If you buy it because of GS sponsored nonsense you will be crucified at the exit.
Disclaimer: Long NFLX since 40 but watching out for the Internet plug to be pulled by Chicago Jesus.
Another NFLX related power-play is LVLT. As soon as ya 10-bag this, buy me a beer at Moe's.
Is it not quadruple options expiry this week? Blythe is winning.
REITS flying now...evidently, this is all entirely bullish for strip malls.
Who knew?
they're gonna re-fi as bonds get bid for "safety" and interests rates plummet?
am i the only shitheaded asswipe to use the "D" word today?
deflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflationdeflationdeflationdeflationedeflationdeflation
so there!!!
Rule 48 = The pool has piss in it, but its safe for you to swim
It's kind of like the hotel bathrooms in China. Yes, there are signs declaring the water unsafe to drink and it's a carmel colored water with a hot garbage can smell...but, it's OK to bathe in.
And you guy/gals leave all the buildings standing.?????
Sad truth is,Wall St. Whores don't give a rat's ass what happens to those people in Japan, all they care about is what their little pimp daddy Bernanke is going to do so they can get their money and blow. The whole world could fucking blow up and they would find a reason to ralley. So let's just show Japan how concerned we are by tanking their markets for the last 2 days and protecting ours. Isn't that what happened? They kicked them while they were down and robbed them blind and now rig our market so they don't take too big of loss here.. What a crock of shit. Why didn't they just steal the money from the Japanese government? So go ahead tough guys, flex your muscles and show the world you don't give a shit about anything and ralley our market into the green on all the good economic news in the world right now.
Green by end of day! Simply amazing.