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NYSE invokes Rule 48, braces for volatile open
Chicago Tribune ^
| August 18, 2011
| CNN Money
Posted on 08/18/2011 6:41:05 AM PDT by NoNAIS
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.
U.S. stock index futures pointed to a sharply lower open as a report that regulators were intensifying their review of European banks' U.S. units shook up investors.
(Excerpt) Read more at chicagotribune.com ...
TOPICS: Business/Economy
KEYWORDS: dow; obamanomics; stockexchange
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Brakes?
1
posted on
08/18/2011 6:41:08 AM PDT
by
NoNAIS
To: NoNAIS
Fasten your seat belts, folks. Looks like the flight today will be rough.
2
posted on
08/18/2011 6:43:39 AM PDT
by
Responsibility2nd
(The views and opinions expressed in this post are true and correct. Deal with it.)
To: NoNAIS
3
posted on
08/18/2011 6:43:46 AM PDT
by
TSgt
(When in the Course of human events...)
To: NoNAIS
To: NoNAIS
holy shi-ite, look at that DOW
Looks like I picked a good time to buy my first gold yesterday- gold is climbing well over $1800
5
posted on
08/18/2011 6:47:05 AM PDT
by
silverleaf
(The super rich do not pay taxes, they collect taxes.)
To: NoNAIS
6
posted on
08/18/2011 6:47:14 AM PDT
by
Huck
(Read Antifederalist Brutus)
To: Huck
11058.70 -351.51 (-3.08%) Aug 18 9:49am ET
7
posted on
08/18/2011 6:50:29 AM PDT
by
TSgt
(When in the Course of human events...)
To: NoNAIS
As a co-worker said to me the other day, “I hope it goes to zero.” in reference to the market. He’s a former Federal government employee on a comfortable pension and with health benefits. They honestly believe they’ll never be affected by anything. They actually believe that.
8
posted on
08/18/2011 6:54:10 AM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: TSgt
I hope this car has functional air bags! When it crashes its gonna hurt. I’m thinking Ron white was right. Just take her down. I don’t want to walk away from the crash.
To: NoNAIS
To: cableguymn
Of course the guy next to me was freaking out, he must have had a lot to live for - Ron White.
11
posted on
08/18/2011 6:59:00 AM PDT
by
NeoCaveman
(All your gold are belong to Beck)
To: NoNAIS
NYSE invokes Rule 48, braces for volatile open
"In other news, President Barack Obama leaves today for a 10-day summer vacation on Martha's Vinyard"
12
posted on
08/18/2011 6:59:35 AM PDT
by
COBOL2Java
(Obama is the least qualified guy in whatever room he walks into.)
To: NoNAIS
Rule 48 allows the exchange to suspend price indications that help determine the floor price at the open during regular sessions.Can someone please translate marketspeak?
13
posted on
08/18/2011 6:59:59 AM PDT
by
OB1kNOb
(Word to the wise....never sweat the petty things, and more importantly, never pet the sweaty things.)
To: concerned about politics
and baraq smiles and eats ice cream on the golf course.
To: COBOL2Java
In other news, President Barack Obama leaves today for a 10-day summer vacation on Martha's Vinyard"Oh yeah. Obomas luxurious vineyard vacation. Fine wine, caviar, and Delmonico steaks for everyone! (Except the tax slaves. Let them eat.....whatever they can dig up.)
To: concerned about politics
Obama needs to take a permanent vacation.
16
posted on
08/18/2011 7:03:56 AM PDT
by
dfwgator
To: NeoCaveman
-450. It blew right past the 10:00 AM bump. Normally the market takes a break to reconsider the opening half an hour in. Today they just aimed the nose down and hit the afterburners. This is going to get very ugly very fast. When does Obama speak live from the Bus-o-Debt.
17
posted on
08/18/2011 7:07:15 AM PDT
by
GonzoGOP
(There are millions of paranoid people in the world and they are all out to get me.)
To: NoNAIS
Brakes?nooo. not enough buy limit orders.
To: GonzoGOP
Down over 500.
To: NeoCaveman
How long will the one engine last?!?!? All they way to the scene of the crash!
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