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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."
Up = Good, Down = Bad. Volitile = Down, Not Volitile = Up?
The market's very oversold, Buffett expects a nice pop.
I believe you meant, poop.
Really, about all you can hope for at that age. If you can start out your day that way, the rest is gravy.
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.
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.
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!
Darn....and Robo came on after close again and said 'Bears are finished, go long with everything youve got' last nite.
So....When does the market reopen for trading??????
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)
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
Only 100 years away, lol. I saw that show in 1975 - blew my teenage mind.
We have assumed control... We have assumed control...
Gotta tell you a storyOn a cold winters nightYou'll be sailin for gloryBefore you know what is right
So come over here nowI got a vision for youIt's my personal snake oilIt's just something I do
I'm the jester with no tearsAnd I'm playing on your fearsI'm a trickster smiling underneath this mask of love and deathThe eternal lie I've toldAbout the pyramids of goldI've got you hooked at every turn your money's left to burn
"El Dorado" - Iron Maiden
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.
"Better to have dope in times of no money, than money in times of no dope!" -- Freewheelin Franklin
OMG, I think I just had a seizure or something. Off to the doctors....
That's no seizure.
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.
Yeah, let's get physical
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?
Any man who breaks rule 48 spends a night in the box.
LOL @ buzzsaw... +1829 for the Cool Hand Luke reference.
Anyone fondling his precious after lights out spends a night in the box.
Wait until existing home sales are released later this morning. Oof...
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.
The Philly Fed report is just as interesting for markets, and it also comes out in 8 minutes.
Place yer bets, ladies and gentlemen.
we meet again, rule 48...
It's a confidence move...
Wake me when the people announce rule .308
Best performer in my portfolio... RGR.
Better than AU!
you really shouldn't type shit you don't mean.
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.
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.
Prices for ammo about to go parabolic. LOL
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
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
http://www.youtube.com/watch?v=eWC_0jPFQ_Q <--------------R.P. PUNK ROCK ANTHEM!
T.D.!!! Maybe you can share this vid, so there is some entertainment while we're waiting.......
Rule 49 in the wings. Bank Holidays!
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!!
It's a good thing oil isn't transitory.
gold and silver aint got no rule 48 biatchez
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
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.
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?
Turn out the lights.
No worries. Down 500 today, up 600 tomorrow. Flashbacks from 2008...
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