The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Smiling Bob	10/27/2007 5:07:06 PM
	Read Replies (3) of 306849

How's this for a strange theory in banks recouping some of their losses? Run the markets up as high as you possibly can while suckering every cent from all corners of the earth. Load up on shorts and puts Remove trading curbs Let em rip --- NYSE Eliminates Trading Curbs Dating Back to 1987 (Update1) By Edgar Ortega Enlarge Image/Details Oct. 26 (Bloomberg) -- The New York Stock Exchange said it will no longer impose curbs on computer-program trading that were put in place after the crash of 1987, claiming they're no longer as effective in damping swings in prices. The exchange will stop prohibiting brokerages from entering some program trades when the NYSE Composite Index rises or falls more than 2 percent, according to a notice sent to member firms today. The so-called collars had been in effect since 1988 and were triggered 17 times this year, according to a filing with the Securities and Exchange Commission. ``Volatility is neither restrained nor enhanced by the imposition of the collars,'' the NYSE said in the SEC filing making the changes effective. ``The exchange is making this change since it does not appear that the approach of market volatility envisioned by the use of these collars is as meaningful today as when the rule was formalized in the late 1980s.''

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