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Heeeeeere's Rule 48

Tyler Durden's picture


The SNB asked for it (and much more "price stability"), the NYSE Boerse delivered.


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Tue, 09/06/2011 - 09:10 | 1637930 DefiantSurf
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Tue, 09/06/2011 - 09:18 | 1637972 orangedrinkandchips
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You might be a bit young but Gomer Pile said it best...surprise, surprise, surprise! lol......



Tue, 09/06/2011 - 09:23 | 1637997 Dan The Man
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Well, Gaaaawwwwlllleee !!!

Tue, 09/06/2011 - 10:40 | 1638241 mikla
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Surprise surprise surprise!

Tue, 09/06/2011 - 09:30 | 1638021 DefiantSurf
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I remember Gomer...sadly it means I'm older than I think I am....

Tue, 09/06/2011 - 09:10 | 1637931 gratefultraveller
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That cold hard metal feels nicer and nicer

Tue, 09/06/2011 - 09:21 | 1637984 MillionDollarBonus_
MillionDollarBonus_'s picture

I'm seeing a double top begining to form in gold. Serves you right for rejecting your ELECTED leaders and turning your nose up at US treasuries.

Tue, 09/06/2011 - 09:35 | 1638040 mtomato2
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Why do people down-arrow obvious sarcasm?

Tue, 09/06/2011 - 09:39 | 1638049 gratefultraveller
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Actually in my case that would be Bunds, but "no, thank you"

Tue, 09/06/2011 - 09:40 | 1638051 fuu
fuu's picture

<-- Sarcasm is mental masturbation

<-- People don't see it as sarcasm

Tue, 09/06/2011 - 19:51 | 1640098 Hephasteus
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The same reason they down arrow people who point out their obvious lack of empathy and connection to the readers true intent. Which is why you have 12 down arrows.

Sociopaths like to maintain insider status while being outside. Or else they become aware they've been shoved through the doggy door.


Tue, 09/06/2011 - 09:53 | 1638097 goldfish1
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It does look like a double peak, doesn't it. These are extraordinary times. We'll have to see what happens what with the wikileaks news and all.

From Peter Cooper today:

"Just weeks after a dramatic $200 correction the gold price surged past $1,921 today to a new all-time high, and speaking to Bloomberg from his home in Chang Mai in Thailand legendary investor Dr. Marc Faber said gold is not in a bubble just yet.

‘I don’t think that gold is in a bubble, he said. ‘When you buy gold, it’s an insurance against systematic failure and problems in the financial markets.’"

Tue, 09/06/2011 - 09:56 | 1638110 MillionDollarBonus_
MillionDollarBonus_'s picture

Insurance or not, I'm staying long patriotism and short arrogance.

Tue, 09/06/2011 - 10:18 | 1638178 Medea
Medea's picture

So you're long and short the same thing?

Tue, 09/06/2011 - 10:43 | 1638250 Ruffcut
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He's staying long on patriotism and short on thinking.

Tue, 09/06/2011 - 09:23 | 1637996 SWRichmond
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Agree...sizing cases right now.

Tue, 09/06/2011 - 09:10 | 1637934 SheepDog-One
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I want Rule 49- Drag all these clowns out by ropes around their necks!


Tue, 09/06/2011 - 09:10 | 1637935 navy62802
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Wow. Who didn't see that one coming. Illegal check to the head.

Tue, 09/06/2011 - 11:57 | 1638469 gdogus erectus
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Lol - that's what I was thinking.  Every day is Rule 48 day.  Aren't we always getting a blindsided check to the head?

Tue, 09/06/2011 - 09:12 | 1637943 johngaltfla
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Tue, 09/06/2011 - 09:12 | 1637947 SheepDog-One
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'Mandatory market opening indicators are therefore not required' amazing how a little add-on rule can overturn 'mandatory' things so easily. Things arent going our way? Simple, change the rules.

Tue, 09/06/2011 - 09:13 | 1637949 Ancona
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I'm invoking rule 69. This rule requires Ben Bernanke and Angela Merkel to 69 each other on his desk.

Tue, 09/06/2011 - 09:15 | 1637957 DefiantSurf
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I think I just spit up a little bit in my mouth

Tue, 09/06/2011 - 09:55 | 1638106 Upswaller
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Sounds like ye' upswallered a little bit there.....Happens whenever I look at the stock market.  

Tue, 09/06/2011 - 09:42 | 1638060 Monedas
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Monedas finds the image you invoked to be distasteful ! Monedas 2011 High Tone Comedy Inc.

Tue, 09/06/2011 - 09:55 | 1638105 goldfish1
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What is wrong with you.

Tue, 09/06/2011 - 09:14 | 1637950 digalert
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CNBS Jim buybuybuy Cramer:

"Goldman may be hoarding oil"

Faber: "I don't want to touch that, but yah oil is high"

hmmm, price fixing...nah

Tue, 09/06/2011 - 09:14 | 1637951 Mitzibitzi
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I was wondering if we were gonna see old '48 today. :rolleyes:

Tue, 09/06/2011 - 09:18 | 1637969 caerus
caerus's picture

we meet again, 48

Tue, 09/06/2011 - 09:20 | 1637981 dwdollar
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QE3 rumor in 3.. 2.. 1..

Tue, 09/06/2011 - 09:21 | 1637982 Ricky Bobby
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The priests have come out of the temple and have decreed the Gods will give a good harvest. Now back in the fields peasants.

The Federal Reserve has decreed that stock prices cannot go down. They guarantee this with the full faith and Credit of the USSA.


Tue, 09/06/2011 - 09:21 | 1637983 Dan The Man
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For Merkel and Bernanke...

Rule 72  - That's rule 69 with the three finger shocker

Tue, 09/06/2011 - 11:35 | 1638403 Jonas Parker
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For Bernake - Rule 68...

You do me and I'll owe you one...

Tue, 09/06/2011 - 09:22 | 1637986 Gandalf6900
Gandalf6900's picture

quantitative enlightenment

Tue, 09/06/2011 - 09:22 | 1637987 Fips_OnTheSpot
Fips_OnTheSpot's picture

now what? Prolonging bank holidays? :)

Tue, 09/06/2011 - 09:29 | 1638015 Marty Rothbard
Marty Rothbard's picture

What exactly does rule 48 say?

Tue, 09/06/2011 - 09:34 | 1638037 Fips_OnTheSpot
Tue, 09/06/2011 - 09:48 | 1638083 Monedas
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Thanks for asking ! I was afraid I would have to ! Monedas 2011 Brave exterior masks shy interior ! Classic clown !

Tue, 09/06/2011 - 09:29 | 1638016 monopoly
monopoly's picture

This site is beyond words. lolol

Tue, 09/06/2011 - 09:30 | 1638020 youngman
youngman's picture

Central Bankers....Stock exchange rules.....margin raises....HFT´s....the new world market is getting a little to crazy for the average guy to buy a stock....its all day traders and computers now...they never taught this in school....that my biggest competitor would be the governments..level playing field my ass...its like an Escher print...

Tue, 09/06/2011 - 10:23 | 1638197 Silver Dreamer
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Yes, and stuff like this is why it is called the "Old World Disorder," not the "New World Order."  They love creating order out of chaos after all.

Tue, 09/06/2011 - 09:32 | 1638028 DefiantSurf
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and let the rout begin!

Tue, 09/06/2011 - 09:32 | 1638029 Djirk
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NYSE Euro that how the meltdown is going to go?

Tue, 09/06/2011 - 09:36 | 1638043 Oh regional Indian
Oh regional Indian's picture

He who makes the rules owns the game.
Time to change the game. We've all been had, in one way, shape or form.


Tue, 09/06/2011 - 09:39 | 1638050 mtomato2
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Tue, 09/06/2011 - 09:48 | 1638082 tocointhephrase
tocointhephrase's picture

Time to rearrange the deck chairs! Oh look is that an iceberg?

Tue, 09/06/2011 - 09:51 | 1638087 MassDecep
MassDecep's picture

I thought ‘Rule 48? was the rule that imposed a “latency speed limit” of 5 microseconds on all high frequency algorithms… oh wait a minute, I just was informed that the algorithms’ have collectively decided to not follow the rule, even going farther and saying they have created a new rule, ‘Rule 49?, which states that “no human can ever try to impose a limit on algorithm ever again in the future”. From Ditto at WSJ comment, I thought rather clever.

Tue, 09/06/2011 - 09:50 | 1638088 Dan The Man
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I get a kick out of the phrase "market maker"   How pretentious is that?

Tue, 09/06/2011 - 09:56 | 1638109 Ancona
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I get a kick out of it too. Every time I see it, I have an image in my head of the guy who works at the flea market fixing broken stuff. He's a chain smoking three hundred pounder with a tool belt that needs suspenders.

Tue, 09/06/2011 - 09:55 | 1638104 Monedas
Monedas's picture

I think most posters here are alike in one aspect ! We would truly enjoy seeing Merkel, Bernanke, Obama, Dodd, Frank fed to the lions ! Monedas 2011 Naked of course ! I part company because I would prefer the spectators naked too !

Tue, 09/06/2011 - 10:30 | 1638218 ShankyS
ShankyS's picture

Does anyone know if they keep historical data on when R48 has been enacted or deployed? I'd like to chart it to see post amrket reactions. 

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