Rule 48 - NYSE price scam!!!!!!

Discussion in 'Wall St. News' started by Trendytrader, May 20, 2010.

  1. WTF is the NYSE implementing rule 48 this morning. No pre-market price discovery.....anything to hold up this BS market....add this to the 10% drop rule and you have a price floor. May they think an overnight crash is coming.

    NYSE Invokes Rule To Smooth, Speed Market Opening

    The New York Stock Exchange is invoking “Rule 48,” which suspends a requirement for designated market makers to show premarket prices to help smooth the opening, for the second time this month. The move thus far has been rare, but seems to be becoming not so rare these days amid the recent volatility. NYSE has no specific threshold for invoking the rule, but tends to use it following big moves in stock futures.