The most disturbing thing about what's going on in with the NYSE is that ever since Supermontage replaced the 1000 SOES tier limit on NASDAQ in '01 - The task of converting NYSE began, now its over is now complete - they squeezed and squeezed to get most of the daytraders out and protect their precious - problem is, they weren't really paying attention to how the mkt would actually fucntion if large selling came in. Now, it's quite obvious that things are broken, they bascially have shooshed the markets until they figure out a way to save their own asses before things get back to semi normal. When you see the specialist on large cap stocks like XOM, LMT, Hal, and so on drop his bid .50 on only 40k shares traded, something is bad wrong, and there was alot of that action in the past 3 weeks leading up to this. I haven't seen this level of manipulation since the early 90's. Very disturbing - Let's see how that rat bastard Kudlow defends his Kronies today after the bell. Good Luck and Pray to the stock Gods. QB
nyse had to bust out the collars again today. they made hybrid to accomodate institutional program trading and now they are getting raped by them. i guess the nyse actually does miss my (and other prop traders) 2MM shares a month that i used to trade.