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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: D LEE who wrote (7336)2/6/1998 4:07:00 PM
From: D LEE  Respond to of 116759
 
3:50 pm RE: NYSE 10-20-30% DROP "MARKET CURBS PLAN"-(up-date)

NEWS: CNBC business channel interview with chairman NYSE:

-10% - A 60 minute closing.
-20% - A 2 hour closing (after 2:00pm - close duration of day)
-30% - Close rest of day

+10, +20, +30% - no close. simply "investors, Applaud!"
(chairman's own words)

additional related topics:
"super dot systems" was mentioned (i'm vague on that)
Ongoing Review of the 50 point change rule

I believe, in it's own way, this is related to our concerns
about the price of gold. Preparation for wider swings here.

Dave

(just kidding as i mention: The thought behind this seems
related to the same "good deal" feeling you get
when hearing how the Roth IRA works. But I can't help responding
this way: "Somethin' for nuthin' ain't free!" -Sorry!)
I can't get excited about the chairman telling us we get
the chance to applaud.