This page has been archived and commenting is disabled.

Sho' Nuff - Here's Rule 48

Tyler Durden's picture



- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 08/18/2011 - 09:06 | 1572232 Havok
Havok's picture

Ok for us newbs, whats rule 48 do?


Thu, 08/18/2011 - 09:10 | 1572258 Ancona
Ancona's picture

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.

Thu, 08/18/2011 - 09:12 | 1572274 BaBaBouy
BaBaBouy's picture

Come on Germany ... Pay

Everybodies Bills In EU Land !!!

Thu, 08/18/2011 - 09:13 | 1572278 Falcon15
Falcon15's picture

5 minute penalty for high sticking. NO STOCKS FOR YOU!

Thu, 08/18/2011 - 09:21 | 1572320 Careless Whisper
Careless Whisper's picture

Eh tu, Barclays?


Thu, 08/18/2011 - 09:23 | 1572327 KnightsofNee
KnightsofNee's picture

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!

Thu, 08/18/2011 - 09:14 | 1572288 John Law Lives
John Law Lives's picture


"(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".


Thu, 08/18/2011 - 09:42 | 1572473 Problem Is
Problem Is's picture

How true, John Law...

Rule 48: SNAFU --- US Market "Situation Normal - All Fucked Up"...

Thu, 08/18/2011 - 10:39 | 1572916 Henry Chinaski
Henry Chinaski's picture

I was under the impression that rule 48 is invoked to give fair warning that the ZH server will probably crash.

Thu, 08/18/2011 - 10:13 | 1572716 Mr Kurtz
Mr Kurtz's picture

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?

Thu, 08/18/2011 - 09:19 | 1572308 DrPepperJawa
DrPepperJawa's picture

I feel like the female bear in the "quantative easing explained" video on You Tube... "Yeah....but what does that mean.."



Thu, 08/18/2011 - 09:08 | 1572246 dwdollar
dwdollar's picture

Insiders get to liquidate while you get to watch.

Thu, 08/18/2011 - 09:13 | 1572273 raki_d
raki_d's picture


Thu, 08/18/2011 - 09:19 | 1572307 fiftybagger
fiftybagger's picture

Dark pools

Thu, 08/18/2011 - 09:24 | 1572334 KnightsofNee
KnightsofNee's picture

I just wiped my screen. This little bugger won't die.

Thu, 08/18/2011 - 09:21 | 1572317 BandGap
BandGap's picture

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.

Thu, 08/18/2011 - 09:23 | 1572330 BlackholeDivestment
Thu, 08/18/2011 - 09:07 | 1572235 the not so migh...
the not so mighty maximiza's picture


Thu, 08/18/2011 - 09:08 | 1572236 Widowmaker
Widowmaker's picture

No one will see it coming.

Thu, 08/18/2011 - 09:07 | 1572239 lolmao500
lolmao500's picture

So the markets are suspended? LOL

Thu, 08/18/2011 - 09:07 | 1572240 Robslob
Robslob's picture

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...

Thu, 08/18/2011 - 09:36 | 1572429 Oh regional Indian
Oh regional Indian's picture

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!


Thu, 08/18/2011 - 09:08 | 1572245 Karl Tashjian
Karl Tashjian's picture

At least it's not Rule 34...

Thu, 08/18/2011 - 09:09 | 1572250 The Shootist
The Shootist's picture

Meh. They seem to have it once a week now.

Thu, 08/18/2011 - 09:10 | 1572252 Yield2Greatness
Yield2Greatness's picture

I'm going to watch CNBC all day today, with a big wide grin on my face.

Thu, 08/18/2011 - 09:15 | 1572295 John Law Lives
John Law Lives's picture

Why subject yourself to torture all day.  Why not turn that crap off and enjoy your life.

Thu, 08/18/2011 - 09:20 | 1572312 knukles
knukles's picture

Do what the SEC does.  Either watch Tranny Porn or Destroy Material Records (as in get rid of the evidence)

Thu, 08/18/2011 - 09:26 | 1572356 KnightsofNee
KnightsofNee's picture

Watch tranny porn WHILE destroying material records. Come on, enjoy life!

Thu, 08/18/2011 - 09:45 | 1572507 Problem Is
Problem Is's picture

If your boss was Mary Schapiro... wouldn't you be driven to tranny porn?

Thu, 08/18/2011 - 09:10 | 1572253 the not so migh...
the not so mighty maximiza's picture

all traders to room 101, the word "selling" will be removed from your brain one way or anouther.

Thu, 08/18/2011 - 09:10 | 1572255 augie
augie's picture


Thu, 08/18/2011 - 09:30 | 1572396 Silver Dreamer
Silver Dreamer's picture

Yes we can! har har

Thu, 08/18/2011 - 09:35 | 1572424 NuckingFuts
NuckingFuts's picture


Thu, 08/18/2011 - 09:46 | 1572517 Capt Tripps
Capt Tripps's picture

Baby Can You Dig Your Man?

Thu, 08/18/2011 - 09:13 | 1572264 Confused
Confused's picture

Is anyone even trading? Other than the machines of course.

Thu, 08/18/2011 - 09:15 | 1572296 Critical Path
Critical Path's picture

Our "leaders" are selling bullshit left and right... someone must be buying that.

Thu, 08/18/2011 - 09:12 | 1572267 proptrader
proptrader's picture

Where did you see that announcment? I cant see it on Bberg...

Thu, 08/18/2011 - 09:16 | 1572298 Caveman93
Caveman93's picture

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!

Thu, 08/18/2011 - 09:13 | 1572271 Caveman93
Caveman93's picture

Let the Games.....BEGIN!

Thu, 08/18/2011 - 09:13 | 1572275 President Starkey
President Starkey's picture

Things are getting better, getting better all the time.

Thu, 08/18/2011 - 09:13 | 1572277 Esso
Esso's picture

So, this is bullish, right? It must be bull something-or-other.

Thu, 08/18/2011 - 09:21 | 1572315 Boston
Boston's picture

It's a soft patch.

Thu, 08/18/2011 - 09:37 | 1572438 Oh regional Indian
Oh regional Indian's picture

It's what they call quicksand too. Just a soft-ish patch, is all!


Thu, 08/18/2011 - 09:13 | 1572280 SilverIsKing
SilverIsKing's picture

Big improvement over Rule 47. The system is much better now.

Thu, 08/18/2011 - 09:13 | 1572283 mess nonster
mess nonster's picture

Yah. Twice in as may weeks. As if no-one knows opening prices anyway.

Thu, 08/18/2011 - 09:19 | 1572301 Mercury
Mercury's picture

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.

Thu, 08/18/2011 - 09:13 | 1572284 Boilermaker
Boilermaker's picture

Why didn't this go into effect when we went up 600+ DOW points a few days ago?

Thu, 08/18/2011 - 09:24 | 1572331 Zymurguy
Zymurguy's picture

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."

Thu, 08/18/2011 - 09:24 | 1572339 Caveman93
Caveman93's picture

Up = Good, Down = Bad. Volitile = Down, Not Volitile = Up?

Thu, 08/18/2011 - 09:13 | 1572285 The Shootist
The Shootist's picture

The market's very oversold, Buffett expects a nice pop.

Thu, 08/18/2011 - 09:15 | 1572293 WineSorbet
WineSorbet's picture

I believe you meant, poop.

Thu, 08/18/2011 - 09:20 | 1572311 spanish inquisition
spanish inquisition's picture

Really, about all you can hope for at that age. If you can start out your day that way, the rest is gravy.

Thu, 08/18/2011 - 09:42 | 1572476 caerus
caerus's picture


Thu, 08/18/2011 - 09:16 | 1572297 Hobbleknee
Hobbleknee's picture

Nothing to worry about, guys.  The MSM said it's because someone pushed the wrong button in Germany. Everything is fine.  Nothing to see here.

Thu, 08/18/2011 - 09:22 | 1572325 --Freedom--
--Freedom--'s picture

This is just temporary, I'm buying soda stream and netflix on the dips.

But seriously, seems like a perfect storm of news today...Europe banks, the Morgan Stanley report, jobless claims, and no shorts in Europe to stop the bloodbath. Is this the setup for qe3?

Good thing I bought more FAZ.

Thu, 08/18/2011 - 09:47 | 1572520 pods
pods's picture

I don't think that there are two more perfect stocks to illustrate exactly what is wrong with the world today than Netflix and Sodastream.

Throw in Lazyboy for the trifecta!


Thu, 08/18/2011 - 09:21 | 1572300 SheepDog-One
SheepDog-One's picture

Darn....and Robo came on after close again and said 'Bears are finished, go long with everything youve got' last nite.

Thu, 08/18/2011 - 09:18 | 1572302 mekanical
mekanical's picture

So....When does the market reopen for trading??????

Thu, 08/18/2011 - 09:18 | 1572303 mayhem_korner
mayhem_korner's picture

RULE 48 /cue 2112/:

Look around this world we made
Equality our stock in trade
Come and join the brotherhood of man
Oh what a wide contented world
Let the banners be unfurled
Hold the red star proudly high in hand

We are the priests
Of the temples of Syrinx
Our great computers
Fill the hollowed halls
We are the priests
Of the temples of Syrinx
All the gifts of life
Are held within our walls

(channeling N. Peart)

Thu, 08/18/2011 - 09:24 | 1572328 fiftybagger
fiftybagger's picture

When they turn the pages of history
When these days have passed long ago
Will they read of us with sadness
For the seeds that we let grow
We turned our gaze
From the castles in the distance
Eyes cast down
On the path of least resistance

Cities full of hatred
Fear and lies
Withered hearts
And cruel tormented eyes
Scheming demons
Dressed in kingly guise
Beating down the multitude
And scoffing at the wise

Thu, 08/18/2011 - 09:28 | 1572371 Professordoomfinger
Professordoomfinger's picture

Only 100 years away, lol.  I saw that show in 1975 - blew my teenage mind.


Thu, 08/18/2011 - 09:29 | 1572384 Professordoomfinger
Professordoomfinger's picture

We have assumed control...  We have assumed control...

Thu, 08/18/2011 - 09:30 | 1572388 Caveman93
Caveman93's picture

Gotta tell you a story
On a cold winters night
You'll be sailin for glory
Before you know what is right

So come over here now
I got a vision for you
It's my personal snake oil
It's just something I do

I'm the jester with no tears
And I'm playing on your fears
I'm a trickster smiling underneath this mask of love and death
The eternal lie I've told
About the pyramids of gold
I've got you hooked at every turn your money's left to burn

"El Dorado" - Iron Maiden

Thu, 08/18/2011 - 09:38 | 1572423 Freewheelin Franklin
Freewheelin Franklin's picture

All the same, we take our chances,
Laughed at by Time,
Tricked by Circumstances.
Plus ca change,
Plus c'est la meme chose,
The more that things change,
The more they stay the same.

Thu, 08/18/2011 - 21:20 | 1575457 StychoKiller
StychoKiller's picture

"Better to have dope in times of no money, than money in times of no dope!"  -- Freewheelin Franklin

Thu, 08/18/2011 - 09:22 | 1572324 Caveman93
Caveman93's picture

OMG, I think I just had a seizure or something. Off to the doctors....

Thu, 08/18/2011 - 09:49 | 1572542 narapoiddyslexia
narapoiddyslexia's picture

That's no seizure.

Thu, 08/18/2011 - 09:19 | 1572309 LawsofPhysics
LawsofPhysics's picture

The laymans definition is basically the following;

"You can put as much money into the casino as you like, but you may not remove anything and we (the owners of everything) can change the rules regarding your investments at any time."

Don't like the paper chase bullshit game.  Don't play unless they want to get physical.

Thu, 08/18/2011 - 09:25 | 1572351 Freewheelin Franklin
Freewheelin Franklin's picture

Yeah, let's get physical

Thu, 08/18/2011 - 09:21 | 1572318 laomei
laomei's picture

this is the thing where even though futures are saying the dow should start like -300, they just entirely ignore that at open and pretend that nothing is going on right?

Thu, 08/18/2011 - 09:22 | 1572323 buzzsaw99
buzzsaw99's picture

Any man who breaks rule 48 spends a night in the box.

Thu, 08/18/2011 - 12:30 | 1573503 Strider52
Strider52's picture

LOL @ buzzsaw... +1829 for the Cool Hand Luke reference.

Anyone fondling his precious after lights out spends a night in the box.

Thu, 08/18/2011 - 09:24 | 1572336 Moneyswirth
Moneyswirth's picture

Wait until existing home sales are released later this morning.  Oof...

Thu, 08/18/2011 - 09:36 | 1572432 franzpick
franzpick's picture

The 50 year old credit-expansion metrics aren't actually working; I want to see some credit contraction metrics, like % of occupied SFH's not in default.

Thu, 08/18/2011 - 09:52 | 1572557 narapoiddyslexia
narapoiddyslexia's picture

The Philly Fed report is just as interesting for markets, and it also comes out in 8 minutes.

Place yer bets, ladies and gentlemen.

Thu, 08/18/2011 - 09:24 | 1572337 caerus
caerus's picture

we meet again, rule 48...

Thu, 08/18/2011 - 09:25 | 1572345 digalert
digalert's picture

It's a confidence move...

Thu, 08/18/2011 - 09:25 | 1572346 Zymurguy
Zymurguy's picture

Wake me when the people announce rule .308

Thu, 08/18/2011 - 09:29 | 1572385 The Gooch
The Gooch's picture

I concur!


Thu, 08/18/2011 - 09:32 | 1572407 UGrev
UGrev's picture

Roger that...

Thu, 08/18/2011 - 09:34 | 1572419 Caveman93
Caveman93's picture

Best performer in my portfolio... RGR.

1.2929 $37.58 $12.24 $15.82 +$21.76
Thu, 08/18/2011 - 09:53 | 1572564 narapoiddyslexia
narapoiddyslexia's picture

Better than AU!

Thu, 08/18/2011 - 09:58 | 1572591 viv_savage
viv_savage's picture

you really shouldn't type shit you don't mean.

Thu, 08/18/2011 - 09:27 | 1572362 franzpick
franzpick's picture

It didn't happen on the Friday after the 600 point drop Aug. 4, but maybe today and tomorrow, or one week soon, the new Black Thursday will be followed by a conventional Black Friday, leading to a very painful weekend for the long and wrong fiat-debt-equity crowd.

Thu, 08/18/2011 - 09:27 | 1572364 americanspirit
americanspirit's picture

rule 48 says "We can do anything we want and there's nothing you can do about it."

Remember the Golden Rule - those who have the gold rule? It's been amended. Those who say they have the gold rule. No audit required. 

Thu, 08/18/2011 - 09:30 | 1572393 KnightsofNee
KnightsofNee's picture

Prices for ammo about to go parabolic. LOL

Thu, 08/18/2011 - 09:27 | 1572366 The Gooch
The Gooch's picture

The only one that sticks to his guns

In the house of the rising sun


We know how to fix this mess

Fire Ben and his printing press


GIve me liberty or give me death

I'll fight for it 'til my dying breath


The media blacked out long ago

The news is just another show


Capitol hill in wall street's pockets

Line 'em up on the courthouse dockets

Plug 'em into electric sockets


Give me liberty or give me death

I'll fight for it 'til my dying breath


No such thing as too big fail

Make these criminals ride the rail

This time there will be no bail

To the new chief we will hail


Give me liberty or give me death

I'll fight for it 'til my dying breath

RON PAUL!   <--------------R.P. PUNK ROCK ANTHEM!


Thu, 08/18/2011 - 09:33 | 1572409 The Gooch
The Gooch's picture

T.D.!!! Maybe you can share this vid, so there is some entertainment while we're waiting.......


Thu, 08/18/2011 - 09:28 | 1572376 KnightsofNee
KnightsofNee's picture

Rule 49 in the wings. Bank Holidays!

Thu, 08/18/2011 - 09:30 | 1572389 Dapper Dan
Dapper Dan's picture

BP investigating new sheen in Gulf, rules out leak from Macondo well

A BP official said, sorry, a Coast Guard official

“They are not investing any sheens in the vicinity of the BP well,” Paul Barnard, Operations Controller for the New Orleans sector of the Coast Guard, told the AP on Thursday.   

Beaudo, asked to estimate the distance between the sheen and the Macondo well, said he believed it was far away.

 he said.“We’re talking 10s of miles (kilometers) if not further,”


I love that quote, “We’re talking 10s of miles (kilometers) if not further,”

Tens of miles!!




Thu, 08/18/2011 - 09:54 | 1572570 Silver Dreamer
Silver Dreamer's picture

It's a good thing oil isn't transitory.

Thu, 08/18/2011 - 09:30 | 1572390 stant
stant's picture

gold and silver aint got no rule 48 biatchez

Thu, 08/18/2011 - 09:37 | 1572440 KnightsofNee
KnightsofNee's picture

Bought my .223 at 1000 rounds/box for $200 some time ago, pre 2008.

FED AE Tactical .223 55gr. FMJ 500-Pack case lot $190.00 now at Ammo Depot 

Thu, 08/18/2011 - 09:58 | 1572603 j0nx
j0nx's picture

That website is the biggest piece of shit I've ever seen. Impossible to find anything there. I would never give that dipshit place my money based solely on that ridiculous 1997-esque website.

Thu, 08/18/2011 - 09:38 | 1572449 TerraHertz
TerraHertz's picture

Gold and silver both going bump in the night (here in Oz.)

What happened? Did Bank of England tell Chavez to go f*ck himself, no way he's getting his country's gold back? And they sent the fax to the wrong person, who promptly posted it on Facebook, and now it's viral?

Thu, 08/18/2011 - 09:42 | 1572460 Michael Victory
Michael Victory's picture

Turn out the lights.

Thu, 08/18/2011 - 09:55 | 1572576 j0nx
j0nx's picture

No worries. Down 500 today, up 600 tomorrow. Flashbacks from 2008...

Do NOT follow this link or you will be banned from the site!