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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (83992)7/21/2007 7:57:10 PM
From: LTK007  Respond to of 110194
 
Will mull this over, but one question first, am i to understand this applies only to NYSE regulations, or do i need consider the NYSE rule applies like a blanket as a rule cast over all U.S.exchanges, in short, does NASDAQ exchange have to obey.
i saw NDX and COMPX dropped 24% in 5days 4/10/2000 thru 4/14/2000, during that time the collar rule was a near constant.
Also these new super super computers can make massive volume transacting in nano seconds, are the regulatory computers as fast?
The Markets now can only shut down after a 10% drop in the DOW, and then only for an hour.
If on reopening if hits minus 15% or 20%(i need check if it is 15 or 20), all U.S. markets then close for the day.
There is the question of the roque computer that went berserko on 2/7, unfortunately we need a minute by minute chart for that day--even a second by second chart for that day, as at one moment there was a mindboggling drop in the DOW in a blink of an eye, i like to see just how many points that was. Bernanke on being questioned by congress acknowledged a computer did have a malfunction but was closed mouthed about it otherwise.
Also, i am not sure the new electronic masters can not by pass collars.
But i admit here i am following LG's motto(he originated it) of when considering the market one need "Think Like a Criminal":)
But your view could be true, fuur sure, and this removal of the tick rule motive is as pristine as great grandma's apple pie once was:)Max