Thread: NYSE dumps trading curbs

Originally Posted by Bullitt

I don't know. Take it for what it's worth. Maybe it's all relative anyway due to the amount of volume the NYSE takes on daily these days. I still say the markets are much more efficient today than two decades ago. I can get an up to second quote complete with bid/ask on the internet but in 87, unless you were on the floor next to the trading kiosk you were getting your quotes too late.

Oh no, You are right about the LACK of technology causing the issue. The biggies even said that there was no inter communication between each trading house to coordinate anything.

Originally Posted by Bullitt

We probably haven't seen the full ramifications of the removal of the uptick rule yet. Who knows what that's going to bring once this market goes into a tailspin.

Walmart attempts to save numbers:
http://www.marketwatch.com/news/stor...%7D&siteid=rss

GAP under fire:
http://www.usatoday.com/money/indust...ld-labor_N.htm

Add in all the TOY RECALLS from China and I see retail numbers on Black Friday being a little lackluster. If the fed lowers rates tomorrow (I think its inevitable) then I think it will be a wierd ride until the end of the year.

Originally Posted by James48843

This is VERY significant.

I was in the market on the day it crashed in '87. You couldn't do a trade because you couldn't reach a broker on the phone to enter the order for you. And you couldn't do the trade yourself because that was before the internet.

The whole idea then was to put circuit breakers in place to stop the automated computer trades, and give human beings an equal shot at getting a trade executed. The circuit breakers were/are important because without them, you have the possiblity of a 20%+ plus fall in a single afternoon of trading.

I think this is a HUGE mistake on the part of the NYSE- and benefits only huge holders, not the little guy.

Bad news for Joe Sixpack, once again.

According to the NYSE, the circuit-breakers are still in place. Only the trading collars are affected, which is the index arbitrage trading.

http://www.nyse.com/about/newsevents/1193393234513.html

Well, that's GOOD!! The Markets are carzy now and need some control.

Originally Posted by FUTURESTRADER

Oh if it were true, nnuut. But I don't think there's been a 20% one day gain. What could create that kind of surge??? Capture Bin Laden? Extra terrestrials show us how to...???

You are right again Futurestrader!!
The largest one day percentage gain in the DOW was 15.34%, March 15th 1933.
http://en.wikipedia.org/wiki/Dow_Jon...strial_Average