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Rule 48 Invoked
Because Monday seems so long ago... And to think, the market surged over 3% yesterday on something... what exactly was it? Oh, yes, idiot momentum.

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Bitches, bitchezz!
Is today chicken or feathers?
Who has the playbook for today, I keep getting the wrong one.
I bet we go down 350 points, then Blankenstein covers his shorts, turns the needle to "Market Go Up" and we finish up 350...
yes. monday was 5.55% and 6.66% yesterday was 4.0%
today will be up 30. not 350. but we will have the wild swings.
Yea wild swings down further, not up. All 'BTFD' yesterday are roadkill upon open...like I said.
I can agree with that, the swings will be dips to be bought, but I do think we are goin to end today with the Dow +30 points.
Today is thier day for 3s. Just to show us how much they can jerk this thing around.
I like your wool SD1, but I'd not be so sure about your prognostication of direction. BAAAAAA
WHEEL!!!!!
OF!!!!!!!!!!
FORTUNE!!!!!!!!!!
WHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII!!!
48.1 Illegal Check to the Head – A lateral or blind side hit to an opponent where the head is targeted and/or the principal point of contact is not permitted.
Rule 48 bitchez!
I'm unilaterally invoking rule 69 on my girlfriend.
Lockdown Bitchez
Invoked!
Not as bad as revoked
What now Amerika?
LET'S ASK DOCTOR PHIL!
Don't you mean Maximilien Robespierre?
At some point, heh.. Lets hope it ends better..
Wasn't it invoked for Monday's opening too?
Is it time to panic?
He, who panic first...panic best!
He, who sell first.... doesn't need to average down?....
this is getting boring.
let the market determine the prices!
short financials on any upswing, lots of money to be made
NO NO, DON'T WORRY!!
We're just going accessing the situation, we'll get into the lifeboats and look to the situation from a distance. We'll let you know our recommendations in a hour or so.
NO GO TO THE LOWER DECK!!! THERE ARE FREE CUPCAKES AND BEER!!!
LOL
If you can keep your head when everyone else is losing theirs.......You just don't understand the problem.
deleted...asked questions i realized i should be answering for myself -- hardwork included.
You just have a hard on for this site, don't you?
Beware the Sock Puppets, because they're everywhere lately.
THey sit at their GI monitors, monitoring their 20 unique IP addresses and user names, and try to come across as coherent and genuine social citizens.
This, indeed, is how desperate the government is to try and keep a lid on the powder keg.
Gotta admit, they are pretty good at multitasking?
Disclosure: I never saw the original post.
pods
it's not so cryptic as all that...i was only revealing my stupidity -- again. I had a few questions, and then i thought better of it; thinking, 'why should i trouble all these good people to answer my silly questions when i and they'd be better served if i figured it out myself (i'm a tard, i get it...but once i have something, i tend to have it okay)'.
but there is merit in other opinions. so if you or any are interested in venturing an answer:
1) what is rule 48?
2) what are mandatory opening indications?
3) why are they reported anyway (if that answer is implicit in #2, then, obviously this is moot)?
4) who(m) does rule 48 affect most (again, see moot point above)?
5) are there a set of protocols by which rule 48 is actuated...or is it again subjective bullshit? (and if the answer to #1 is implicit here, well...)
i have all these written down to look up later, but you could save me a little fun.
i don't know about my 20 IPs, but i'm offended that you think the janus mileu could be in some way duplicated...but i guess i'm a little flattered all the same.
i am, i am, i am superman/
and i know what's happening/
i am, i am, i am superman/
and i can do anything,
janus
I looked on fbo.gov to see if I could find anymore solicitations (I've got a record of one somewhere on my external hd), but to no avail. Ha, we should all apply, and work them from the inside out!
MsCreant,
indeed i do, but it is in no way limited to ZH.
janus has em big appetites...which is why i'm so inclined to finance; which is why i'm so inclined in general.
i do, however, apologize; when first i toured this site, i found it wanting in terms of femenine beauty (thanks for doing your part to make the change, MsCreant)...thought it a place for bruisers and bad-asses. and it is...mostly. I've decided to be a bit nicer and all (as averse as it may be to the ole nature), as it seems some get their feelings hurt (i don't; so no one ever go easy on janus -- attack makes me strong...MIGHTY in fact). my point is, had i know ladies like you would be blessin us with your presence, i would never have revealed the 'special purpose'. it's more of a novelty anyway...the girls say it ain't so awesome after a while.
i ain't nothin but a hound dog,
janus
Put the lotion in the basket.
No bid opening!
/ES has dropped another 16 points
Prickter on Bloomberg! Bottom is in bitches! lol
oh boy, Rob Prechter could get toasted today calling a bottom ...brilliant ;))
..anyone got a link to Nob Prechter on Bloomberg today pls?
no I meant he's on Bloomy growling like a Bear
well he's been growling like a Bear since 2009 ...he's bound to get it right once in 22 attempts though his total failure of a colleague Steve Hochberg hasn't been right in 52 attempts calling a top in the Indexes or pegging a '5' on Gold and Silver charts throughout 2010 an into 2011 !!!
Ru.le 48. Smoke em, if you got em biactheces.
LOL
But, but CNBC said the Bulls are back.
A TRIPPLE A FOR YOU MY FRIEND!
TRIPPLE A FOR EVERYBODY!
"But, but CNBC said the Bulls are back."
Maybe they invoked Rule 48 fully expecting the market volatility to all be in the UP direction?
Guess I picked a bad day to sell my shorts lol
Geesh, not again!!!
Forgive me, but what is rule 48, and what are the implications of it?
It is an illegal check to the head. Traders can be fined for this or suspended from the floor.
uh-oh! i'm gettin nervous...chicks don't have senses of humor like that, MsCreant. who helped you craft that joke?
AH! Ha! is was janus on his 21st IP address.
Google is my friend, hockey is not. I love to laugh though. Bettern' dope.
Others have wondered if I am a guy too, I'm used to it. I think it is because I play kinda hard here. I am a MsCreant and announce it up front. I don't have to be good. Here is a poem for you, a favorite of mine:
Wild GeeseYou do not have to be good.
You do not have to walk on your knees
for a hundred miles through the desert repenting.
You only have to let the soft animal of your body
love what it loves.
Tell me about despair, yours, and I will tell you mine.
Meanwhile the world goes on.
Meanwhile the sun and the clear pebbles of the rain
are moving across the landscapes,
over the prairies and the deep trees,
the mountains and the rivers.
Meanwhile the wild geese, high in the clean blue air,
are heading home again.
Whoever you are, no matter how lonely,
the world offers itself to your imagination,
calls to you like the wild geese, harsh and exciting
over and over announcing your place
in the family of things.
from Dream Work by Mary Oliver
published by Atlantic Monthly Press
© Mary Oliver
MsLovely,
i love sport metaphors, too...even when they're drawn from sports that ain't sports at all. in other words, i couldn't agree more -- hockey ain't, and it never will be, football.
i know you're all woman; it's just not too common to find one that knows her way around a joke...women are lotsa things, funny generally ain't among em.
i see you're a smoker, too -- or at least you should be. smoking's the only thing that keeps folks like you and i from burning this mother-fucking world to the goddam ground and then pissin on the cinders (how's that for miscreation)...prometheus, light my cigarette, boy! i'm jonesin.
i loved the lines...no wait, i really loved the lines. Emerson would have been proud of ms. oliver. it's well done (for a woman...just teasin), and it shows a virtue in you that this world is woefully wanting...keep being you, you're awesome.
no doubt you can hold your own; but don't expect a fight from janus -- i'm fine with fighting friends, but i have a way of losing them as a consequence.
in the room the women come and go/
talking of michaelangleo,
janus
Cramer just said "you will lose money in stocks today." Rule Inverse Cramer is now also in play...
Cramer is the best contrarian indicator we've got, however sometimes nobody knows what timeframe chart he works off of.
"Cramer just said "you will lose money in stocks today.""
Cramer... What a clown. I'd bet he makes a lot more money than I do giving sage observations like that. It's not even very accurate. I wonder if they'd let me try out for his job. I can call up Yahoo! finance and see the three major indices are down, and trending lower. I will then announce "if you sell your stocks today, you could lose money".
There, do you think I have a chance at a new career?
BTFD. lulz.
GOOD TO SEE THAT THE STOCKMARKET STILL HAS SOME RULES!
THE SYSTEM WORKS!
"Dow Jones’ Kristina Peterson explained it pretty well in a story earlier this month. She writes that basically it means the designated market makers 'will not have to disseminate price indications before the bell, making it easier and faster to open stocks. The rule was approved by the Securities and Exchange Commission on Dec. 6, 2007 and has been used rarely since then.'"
http://blogs.wsj.com/marketbeat/2010/05/20/exactly-what-is-rule-48/
Thanks
Well it looks like it might just become a permanent fixture each morning at this rate... along with london riots ;-)
Yes but you can't comment on the London riots, the Daily Mail have all article comments switched off while they peddle the propaganda the rioters are just thugs ...thought it was the State Police shooting off someones head that started it? ...but there you go, media for you, a voice of reason but snuffs out the public from having a say
Riot On Boys ...stop raiding small shops and start raiding the State (the real thugs and robbers in society)
"stop raiding small shops and start raiding the State"
I say start at the real root of the problem - burn down the banks and drag the conniving banksters out in the street so that they can for once see the conditions they created by insisting on severe austerity measures just so they can be bailed out!
Oh dear, is that what your corporate news is telling you ?
For info, the Daily Mail is a rag peddling celeb pics with stories their hacks make up as required, that will sometimes print hate-based articles purporting to be news stories.
The shop-raiders are just that, nothing more, unless you really think the 10-21 year olds in this country actually give a monkey's arse about politics, the economy and all that gubbins. Iphones, call of duty, GTA, weed and the latest sneakers on the other hand ..
Why pay for a theme park vacation when you can enjoy the roller coaster at home?
48 rules
This is so two days ago
Calvinball
nice reference.
probably obscure to most
Yeah, we forgot to tag 21st base, which is invisible.....now we've got to sit in the penalty box!
ERASE ALL SELLING QUES AND GIVE PRIORITY TO GS & JPM TO SELL THEIR STOCKS FIRST!!
PATRIOTS GET TO GO OUT FIRST!
So Tom Brady is 1st in line?
Ocho Cinqo just jumped the line ;-)
Your suggestion (on another thread) sounded fun, but I did not have a topic. Wanted you to know.
Rule 48 - No one talks about Fight Club!
Someone break down Rule 48 to us vulgar unwashed masses
No bid opening.
It's actually so the market makers don't have to tip their hands at the opening and it prevents them from being picked off.
Rule 49: Whem you play games with women, and allow women to create the rules as they go,
you will wind up missing your wallet and your dignity.
Rule 48: Stand on the porch while the big banks sell their stocks first.
recession = sell
trust me L0L!
"We now return you to your regularly-scheduled market crash..."
DJIA off 250 at the open; nobody knows what to open at.
Scratch that, now, a few minutes later; off 300.
Just listened to Prechter being interviewed. He did NOT call a bottom. Said something to the effect that "all of the indicators" aren't liining up to give that signal. Shees.
PLEASE BUCKLE YOUR SEATBELTS AND WATCH THE INSTRUCTION VIDEO IN FROM OF YOU WHILE WE'RE GOING TO CRASH INTO THE OCEAN AT 800 MILES A HOUR!!
THANK YOU FOR FLYING AIR WALLSTREET!
Oxygen gets you high.
Lesbian porn video have the same effect on me...
...which brings us to the question we all want an answert to...
Why does reading Zerohedge make me want to look at porn?
you only use 1 hand to move the mouse on your computer. Better get that other hand to work to ;)
Terror-wrist.
You guys (and gals) are just having TOO MUCH FUN..
<smile>
It is amazing how "markets" work these days:
If the market direction is sharply down, the market action can be halted...
If certain sectors of the market (e.g. financials) move sharply lower, short selling can be banned...
Entities like The Fed can boost markets with an "invisible hand" as they see fit whilst they can resist being audited...
So much for fair and open price discovery in the "market".
that doesn't sound to patriotic.... I think we'll just put you on the no fly list for a while....
Fine with me. I don't feel like being raped by TSA agents at check-in. They don't even buy you dinner... ;->
ONLY TERRORISTS DON'T LIKE TO HAVE THEIR BALLS TOUCHED BY ANOTHER GUY!!!
I'm going to report you....
SD you are on a roll today!
I am comin to Belgium.
pods
<<< ONLY TERRORISTS DON'T LIKE TO HAVE THEIR BALLS TOUCHED BY ANOTHER GUY!!! >>>
Who said I was a dude?
You have been reported to the sexual harrassment panda. ;->
http://www.youtube.com/watch?v=x5I9TWMA4U8&feature=related
You can't be a woman because I've seen you use Sarcasme in your posts.
"They don't even buy you dinner... ;->"
Heck, most times you can't even light-up when they're done!
Only the lucky knife catchers are in the green from yesterday's redonk-o-balls rally. I need more bear calvary picture.
Dead bear bounce.
'
https://www.deviantart.com/download/243842731/bear_cavalry_by_malevolent...
http://i701.photobucket.com/albums/ww17/Bg_Jokes/bearcavalry.jpg
FAZ, that's what it means...but you should've purchased before today....
"NEW YORK | Wed Aug 10, 2011 9:28am EDT
NEW YORK Aug 10 (Reuters) - The New York Stock Exchange and NYSE Amex Cash Markets on Wednesday invoked a rule to smooth trading at the market open, as futures pointed to a sharp drop in the major indexes.
Rule 48 allows the exchange to suspend price indications that help determine the floor price at the open during regular sessions. Bypassing the requirement helps speed the beginning of trading.
Among the triggers for invoking the rule are "substantial activity in the futures market before the open," according to the exchange's website.
S&P 500 futures SPc1 lost 27.7 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures DJc1 fell 250 points, and Nasdaq 100 futures NDc1 dropped 47.5 points."
Oh shit! the market's down.. whoa, wait, it's back up again!" Fuck!, it's down on futures, waitaminit, up, no, oh fuck the algos are running amok! Invoke! Invoke! Stop the madness!
Goldman calling out Fed for QE3:
http://finance.yahoo.com/news/Goldman-says-QE3-likely-after-rb-235778333...
Translation: Enact QE3 so we can afford hookers in the Hamptons every weekend!
on Wed, 08/10/2011 - 02:08
#1545298
Actual Quote from Goldman's Jan Haztius advising The Bernank as to how he could "spin" QE3 to make it more 'sell-able' (you could be forgiven for thinking I'm making this shit up, as it's beyond surreal):
The excerpt above is where one gets a true flavor of all that is Goldman Sachs' status as a coked out whore, addicted to taxpayer extracted, Bernanke distributed, largesse.
Goldman Sachs the junky is jonesing for a fix so badly, there is no level they wouldn't stoop to. It's pathetic.
<<< Goldman Sachs the junky is jonesing for a fix so badly, there is no level they wouldn't stoop to. It's pathetic. >>>
They are among the lowest of the low (imho).
2008 Crises trades opened
EVERYBODY BUY APPLE!!!!!
IT'S WHAT SWISS IS FOR THE EUROPEANS!!!
Man this all just plain SUCKS! How anyone is actually in this market clownshow with their own money is totaly beyond me. What is it...'Oh I just trust Bernanke to pimp my stocks'...hey whatever good luck with all that.
PS edit- Yea good luck with all the above 'Bernanke will never let my stocks fall I trust him' say that all you like but do not come back here crying and whining when its all gone one morning.
bs not working anymore rule invoked
guy on CNBC with Cramer is saying a QE3 (fiscal stimulus) has to start right now. Funny they aren't saying what a failure the others were. Just saying one is needed right now.
quick man i am jonesen
All is WELL! But we need more free money gifts for stocks RIGHT NOW because the DOW is down -200....FREE MONEY NOW WE DEMAND IT!!!
do we know where tyler is?
Those whoremongers have no clue how to "fix" the economy. Perpetual stimulus is all they know. Print and spend... and do it again.
1. Print money
2. Spend money
3. Lie to the public
4. Go to line 1
That gives me an idea for a cartoon. Imagine a printing press spewing money out of a helicopter. The money is supposed to be falling down toward Mr. and Mrs. Joe Sixpack on the ground, but the leaders of Goldman and BAC etc. have their butterfly nets deployed to catch most of the falling cash before it reaches the ground. I'll bet William Bonzai could sketch a nice image of that.
"It's just been revoked."
"Uh, Peter, he didn't really set you up for that Lethal Weapon line."
so when is the DHS going to start giving us a color coded version of this rule 48, you know, like the terrorist alert system only for market crashes instead..."todays market crash threat level is red, which means there is a high probibility you are all f#cked" "please be on the lookout for increased activity from algoldbug-Qaeda, as there is high proibility they will try to take advantage of our weekned state"...thank you
I like that- "algo---dgug-Quaeda" nice touch!
Want to see the true definition of douchebag? Here you go:
http://blogs.marketwatch.com/thisisinsane/2011/08/10/sticking-to-a-dow-2...
Or to put it another way, you filthy peons get to make room in line behind the elites who spent all that cash building robo-algo-net bunkers closer to the midtown Manhatten servers to beat the 8 millisecond lag down to 'old' Wall Street.
See you in the foam at the bottom of the waterfall....
It's amazing how long something can limp along with liberal applications of baling twine, rusted bottle caps, old nails, and re-masticated chewing gum rescued from the Safeway parking-lot tarmac. But eventually the scab of superficial quick fixes sloughs off, to reveal the mortal wound underneath. Good luck suckahs. I have to go and cut hay now.
You should ask O'bummer to help you cut hay after he puts some duct tape on his socialist/communist sicle
10:30a PPT team as usual?
Want to see the true definition of douchebag? Here you go:
http://blogs.marketwatch.com/thisisinsane/2011/08/10/sticking-to-a-dow-2...
Yes, James Altucher is a total douchebag. What a fucking idiot.
I kept waiting for the punchline.
MarketWatch unbookmarked.
Think maybe a wildebeest pic might be in order.
pods
Wildebeest mating...
http://www.fotod.org/showOnePicture.htm?photo_number=7791
BTFStinkbids. Lulz.
rule 48...? again? seems like a catch 22, to me....
This could be a hed-fuk ...to scare investors prices were about to drop again ..my news feed has "Dow dropped over 2% against yesterdays rally"
these banksters really know how to use the market and Govt officials and the media to sheeple everyone (see CME/JPM Silver takedown and 80's Bunker-Hunt Silver takedown)
I got 48 rules but a Bitch ain't one...
Wait, I thought no news was good news. Did we change the SOP on the Algos again?
Damn it why did I stay up so late last night. I missed all the fun of watching Melissa and Cramer try to explain to me that there is an actual reason why the market is down today.
Tyler, 5 stars on idiot momentum.
Oh and PPS, anyone got a good link where I could get a crash course in the bond market for free?
I have a phone interview in a few hours and I would like to have some idea of what the fuck I am talking about.
UPDATED S&P500 CHART THAT FORECAST THE CRASH:
http://bit.ly/x618
My long term indicators still warn of USD rally and EURUSD weakness.
what exactly do they use rule 48 for?
Isnt it about time we could get a T-Shirt with this?
Market manipulation-Plunge Protection Team. Printed money goes a long way.
+1776
Hey...FAZ just had a flash crash...
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