To be updated by Fox and other news outlets..I just grabbed the headline but here is what rule 48 is



Rule 48 is intended to be invoked only in those situations where the potential for extreme market volatility would likely impair floor-wide operations at the exchange by impeding the fair and orderly opening of securities. Accordingly, the rule sets forth a number of factors to be considered before declaring such a condition, including:

Volatility during the previous day’s trading session;

Trading in foreign markets before the open;

Substantial activity in the futures market before the open;

The volume of pre-opening indications of interest;

Evidence of pre-opening significant order imbalances across the market;

Government announcements;

News and corporate events; and,

Any such other market conditions that could impact floor-wide trading conditions.

this artical is from few years ago but gives and idea of what rule 48 is...

http://www.cnbc.com/id/22781946/NYSE_Invokes_Rule_48


Nothing like setting the rules of the game your own way all the time...and watch out cause its going to be one of those days..be back at 2pm eastern for my program and do a follow up on this

Uh oh. Thanks for the heads up!

Yes, Ma'am. They can stack the deck for a while longer; however, every week that goes by, the lose a few more cards.

Cowboy

I didn't even know there was this kind of rule, thank you.

They gonna bend it any which way they can, and of course it'll always end up in their favor. Glad I emptied out what was left of my 401K the other day.