$this->bbcode_second_pass_quote('', '[')img]http://www.zerohedge.com/sites/default/files/images/user5/imageroot/von%20havenstein/Rule%2048_0.jpg[/img]
http://www.zerohedge.com/article/rule-48-invoked
PeakOil is You
NYSE invokes Rule 48 to slow panic selling
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NYSE invokes Rule 48 to slow panic selling
by Sixstrings » Tue 15 Mar 2011, 09:36:11
Reminder of what Rule 48 means:
$this->bbcode_second_pass_quote('', 'R')ule 48 halts the requirement for market makers to send pre-opening indications, or bid and ask prices created in auctions used to determine a stock’s opening price. The regulation is used only when the “potential for extremely high market-wide volatility would likely impair floor-wide operations at the exchange,” NYSE Euronext said.
http://www.businessweek.com/news/2010-06-04/nyse-invokes-rule-48-to-suspend-price-indications-before-open.html
Dow down 296 so far.. news of a 6.2 earthquake in Tokyo coming in.
Sounds like everything is down -- equities, gold, silver, oil, all of it.
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Sixstrings - Fusion
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I'm Moving to 70% Stable Value Fund
by PrestonSturges » Tue 15 Mar 2011, 12:32:14
The Yen craps, the Euro continues to be wobbly, people will be snapping up dollars while the stock market drifts around.TheAutomaticEarth called this about 5 months ago. Tough titty for the gold bugs!
I'm now 70% in Vanguard Retirement Security Trust.
I told people to do this a month ago when the market was at the peak, but I didn't do it then.
of course, the GOP is trying real hard to crush that fund with their talk of state bankruptcy, but with what's happening the EU and Japan, that would probably trigger a global depression.
I'm now 70% in Vanguard Retirement Security Trust.
I told people to do this a month ago when the market was at the peak, but I didn't do it then.
of course, the GOP is trying real hard to crush that fund with their talk of state bankruptcy, but with what's happening the EU and Japan, that would probably trigger a global depression.
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PrestonSturges - Light Sweet Crude
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