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Ok for us newbs, whats rule 48 do?
Rule 48 - Illegal Check to the Head 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.
Come on Germany ... Pay
Everybodies Bills In EU Land !!!
5 minute penalty for high sticking. NO STOCKS FOR YOU!
Eh tu, Barclays?
Plus 10 minutes for unsportsman like conduct. I run a pretty tight game. Don't want these guys hurting each other. Time out in the box buddy. Power play on!
"(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."
Fair and Orderly? That's a laugh. Since when are the US markets "Fair and Orderly"? How about "Patently Unfair and Disorderly".
How true, John Law...
Rule 48: SNAFU --- US Market "Situation Normal - All Fucked Up"...
I was under the impression that rule 48 is invoked to give fair warning that the ZH server will probably crash.
I'm still trying to figure out how the real market makers (robots and HFTs) have the time or inclination to develop an ethical sense of "fairness" and to render "qualified" judgements?
I feel like the female bear in the "quantative easing explained" video on You Tube... "Yeah....but what does that mean.."
Insiders get to liquidate while you get to watch.
I just wiped my screen. This little bugger won't die.
Rule 48 keeps things "orderly". For investors like me that means all the shit I tried to move last night got put on hold. Put on your big boy pants, going to be a crazy day.
...blinded by the light http://www.youtube.com/watch?v=Sv_AK-yQm8c
No one will see it coming.
So the markets are suspended? LOL
I guess it isn't good but I am spitballing it means, in laymans terms, we are in control of the market...go back to sleep...sleep...sleep....sleep...
Just realized that Sheep And Sleep rhyme. Strongly.
There was once a Sheep named Trader
Who met a Robot That made Her
Tremble at the knees
With a Short, Short Squeeze
And ran off before he Paid her!
At least it's not Rule 34...
Meh. They seem to have it once a week now.
I'm going to watch CNBC all day today, with a big wide grin on my face.
Why subject yourself to torture all day. Why not turn that crap off and enjoy your life.
Do what the SEC does. Either watch Tranny Porn or Destroy Material Records (as in get rid of the evidence)
Watch tranny porn WHILE destroying material records. Come on, enjoy life!
If your boss was Mary Schapiro... wouldn't you be driven to tranny porn?
all traders to room 101, the word "selling" will be removed from your brain one way or anouther.
CCCCCCCCAAAAAAAANNNNN YOUUUUUU DDDDDIIIIIIIGGGGGGGG ITTT!!!!!!!!!!!!!
Yes we can! har har
TRAAADERS COME OUT TO PLAAAAAAY!
Baby Can You Dig Your Man?
Is anyone even trading? Other than the machines of course.
Our "leaders" are selling bullshit left and right... someone must be buying that.
Where did you see that announcment? I cant see it on Bberg...
Ya see, here's the deal. Tyler, is all things, everywhere at all times; He is, the oxygen in all board rooms and has special powers to receive data metaphysically using his great shaman powers. The revolution will not be televised nor will you see it first anywhere but here. Make sure you donate!
Let the Games.....BEGIN!
Things are getting better, getting better all the time.
So, this is bullish, right? It must be bull something-or-other.
It's a soft patch.
It's what they call quicksand too. Just a soft-ish patch, is all!
Big improvement over Rule 47. The system is much better now.
Yah. Twice in as may weeks. As if no-one knows opening prices anyway.
The NYSE's share of volume, even in it's own stocks, is a shadow of its former self but their open and close are still major liquidity events.
Why didn't this go into effect when we went up 600+ DOW points a few days ago?
My sentiments exactly... there are no circuit breakers on the way up.
Without breakers both ways it further queers the deal.
"Funny queer not funny ha ha."
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