NYSE invokes Rule 48

[Ares]

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/Rule%2048%208.18.jpg

http://www.zerohedge.com/news/sho-nuff-heres-rule-48

[JJ.G0ldD0t]

Market
749

[Ares]

Big red flashing sign, if you have money in the bank. Get it out.

[Twisted Titan]

guess the chavez demand is really making waves

got physical?

[JJ.G0ldD0t]

750


....

[platinumdude]

Big red flashing sign, if you have money in the bank. Get it out.

I don't see a reason why unless you are buying PMs, ammo, food, or land. I don't think holding paper will help much.

[chad]

they closed the russian stock market as well.

[Twisted Titan]

cash is good to have as the plebs will still take as they fail to grasp the enormity of the issue


btw can any paraphase rule 48

[JJ.G0ldD0t]

they closed the russian stock market as well.

U.S. Markets open in 1 min.


*woot*

[JJ.G0ldD0t]

cash is good to have as the plebs will still take as they fail to grasp the enormity of the issue


btw can any paraphase rule 48

http://gold-silver.us/forum/showthread.php?53180-Dow-Futures-down-Ag-Au-Up-1&p=448098&viewfull=1#post448098

[chad]

it basically means they don't have to tell you what stocks are valued at before the open.

[JJ.G0ldD0t]

BOOOOM


9:31AM EDT: 11,181.19 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 229.02 (2.01%)

[Santa]

cash is good to have as the plebs will still take as they fail to grasp the enormity of the issue


btw can any paraphase rule 48


(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.
(b) In the event that an extreme market volatility condition is declared with respect to trading on or through the facilities of the Exchange, a qualified Exchange officer shall be empowered to temporarily suspend at the opening of trading or reopening of trading following a market-wide trading halt: (i) the need for prior Floor Official or prior NYSE Floor operations approval to open or reopen a security at the Exchange (Rules 123D(1) and 79A.30); and/or (ii) applicable requirements to make pre-opening indications in a security (Rules 15 and 123D(1)).

[sirgonzo420]

My understanding of Rule 48 is that the insiders get to SELL OFF, and the little people hold the bag again.

Pretty much all the rules boil down to the same thing.

[undgrd]

^^^

Yeah...heads they win, tails you lose

[Libertytree]

^^^

Yeah...heads they win, tails you lose

More like.....heads you lose, tails you lose :(

[Spectrism]

More like.....heads you lose, tails you lose :(

Yes- and it means: if you are in the stock market you lose (unless inverse bet) and if you have retirement funds in stocks you lose and if you are not in the market, eventually it will impact you, so you lose.

this is actually an EXTREMELY profitable day for me with put options.

[Twisted Titan]

Bassically the insiders get to prepostion themselves however they please and jon and jane q public are crushed by margin calls

and people continue to believe they have a secure retirement dancing with mr market