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Breaking: NYSE Invokes Rule 48
Economic Policy Journal ^ | 6/1/2012 | Economic Policy Journal Staff

Posted on 06/01/2012 10:45:48 AM PDT by ex-Texan

With indications that the Dow will open more than 170 points lower, the NYSE has invoked Rule 48.

Specifically, the NYSE and NYSE MKT cash equities exchanges will invoke Rule 48 for this morning's opening. Mandatory opening indications are therefore not required. Overview of Rule 48:.

Rule 48 provides the Exchange with the ability to suspend the requirement to disseminate price indications and obtain Floor Official approval prior to the opening when extremely high market-wide volatility could cause Floor-wide delays in opening of securities on the Exchange.

Rule 48 is intended to be invoked only in those situations where the potential for extreme market volatility would likely impair Floor-wide operations at the Exchange by impeding the fair and orderly opening of securities. Accordingly, the rule sets forth a number of factors to be considered before declaring such a condition, including:

Volatility during the previous day’s trading session; Trading in foreign markets before the open; Substantial activity in the futures market before the open; The volume of pre-opening indications of interest; Evidence of pre-opening significant order imbalances across the market; Government announcements; News and corporate events; and, Any such other market conditions that could impact Floor-wide trading conditions.


TOPICS: Business/Economy; Crime/Corruption; Culture/Society
KEYWORDS: bilderberg; economy; greece; nato; nyse; obama; spain

1 posted on 06/01/2012 10:45:58 AM PDT by ex-Texan
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To: ex-Texan

That would explain why gold is going through the roof.


2 posted on 06/01/2012 10:47:56 AM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: ex-Texan

Change you will believe in!


3 posted on 06/01/2012 10:48:39 AM PDT by Obadiah (2008: Hope & Change -- 2012: Fear & Destruction)
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To: blam; Quix; Alamo-Girl; M. Espinola; whitedog57; stephenjohnbanker; All

*Ping* !


4 posted on 06/01/2012 10:48:51 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: ex-Texan

That’s where you need a pair of Jacks or better to open, right?


5 posted on 06/01/2012 10:51:20 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: ex-Texan; Slings and Arrows
Intarweb Rule 48: A Cat is fine, too.
6 posted on 06/01/2012 10:51:40 AM PDT by martin_fierro (< |:)~)
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To: Obadiah; E. Pluribus Unum

7 posted on 06/01/2012 10:53:14 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: ex-Texan

What rule will Facebook invoke?


8 posted on 06/01/2012 10:55:01 AM PDT by umgud (No Rats, No Rino's)
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To: ex-Texan

L

9 posted on 06/01/2012 10:55:48 AM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: ex-Texan
I'm just grateful they didn't invoke Rule 34.
10 posted on 06/01/2012 10:56:03 AM PDT by Lazamataz (People who resort to Godwin's Law are just like Hitler.)
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To: umgud
FB now trading down . . . LOL !
11 posted on 06/01/2012 11:00:08 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: ex-Texan
Yup, looks like a big batch of that Obama *change* hitting the fan today.
Run away, run away!
12 posted on 06/01/2012 11:01:46 AM PDT by The Cajun (Sarah Palin, Mark Levin......Nuff said.)
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To: Lazamataz

At least they didn’t invoke Rule 303.


13 posted on 06/01/2012 11:05:26 AM PDT by dfwgator
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To: ex-Texan

FB = 27.50

Dow down 268


14 posted on 06/01/2012 11:08:30 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker
LOL !

Indeed . . . Anybody want some change ___ ?

15 posted on 06/01/2012 11:16:00 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: Lazamataz

Rule 34 is invoked everyday at the opening bell, Laz....I know my 401k is gettin’ screwed.


16 posted on 06/01/2012 11:18:03 AM PDT by SgtBob (Freedom is not for the faint of heart. Semper Fi!)
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To: ex-Texan

The US is the last bastion with the idea of individual freedom. The intent is to break her back and remove the road block of control. This is one reason we have a vapor as president.


17 posted on 06/01/2012 11:20:28 AM PDT by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: dfwgator

“At least they didn’t invoke Rule 303.”

No, but I think we should.


18 posted on 06/01/2012 11:24:37 AM PDT by READINABLUESTATE ("We must hang together, gentlemen...else, we shall most assuredly hang separately." - Franklin)
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To: blam; Quix; Alamo-Girl; M. Espinola; whitedog57; stephenjohnbanker; All
I wish some brave person would post this . . .

President Obama's Secret Kill List

19 posted on 06/01/2012 11:25:52 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: ex-Texan

20 posted on 06/01/2012 11:33:28 AM PDT by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: READINABLUESTATE

Don’t know how many Boers are working on Wall Street.


21 posted on 06/01/2012 11:44:15 AM PDT by dfwgator
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To: ex-Texan

***With indications that the Dow will open more than 170 points lower, the NYSE has invoked Rule 48. ****

Lemme guess. Obama opened his mouth again.


22 posted on 06/01/2012 11:45:26 AM PDT by Ruy Dias de Bivar (Anything Goes, Phantom of the Opera, Nice work if you can get it, EVITA. On BROADWAY last week.!)
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To: Lurker

LOL! I love that movie.


23 posted on 06/01/2012 11:48:16 AM PDT by wastedyears ("God? I didn't know he was signed onto the system.")
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To: ex-Texan

How far off is a real life version Atlas Shrugged directive 10-289?


24 posted on 06/01/2012 11:49:10 AM PDT by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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Comment #25 Removed by Moderator

To: ex-Texan

Is this still on or what? Nothing else is being said from what I can see.


26 posted on 06/01/2012 12:36:03 PM PDT by Sequoyah101 (You've been screwed by your government.)
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To: ex-Texan

facebook face plant

i am wondering when to sell my gold and jump in...

t


27 posted on 06/01/2012 12:36:20 PM PDT by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world.)
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To: ex-Texan; Amityschild; AngieGal; AnimalLover; Ann de IL; aposiopetic; aragorn; auggy; ...

END TIMES PING LIST PING ON economic issues . . .


28 posted on 06/01/2012 2:20:15 PM PDT by Quix (Time is short: INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: Lucky9teen

Great graphic!


29 posted on 06/01/2012 2:24:44 PM PDT by carriage_hill (All liberals & most demoncraps think that life is just a sponge bath, with a happy ending.)
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Comment #30 Removed by Moderator

Comment #31 Removed by Moderator

Comment #32 Removed by Moderator

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