NYSE: Rule 48 At Open
January 27th, 2015MSFT down 10% at the moment.
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Futures took a dump on earnings numbers…
Via: ZeroHedge:
And what better excuse to stall the opening plunge implied by futures than the “blizzard” which never was… The last time this was invoked was June 2012 (amid a dramatic drop in pre-open futures) and Sept 2011 amid the chaotic 400-point swings in The Dow. Funny they do not use this “Rule” when futures indicate massive upside opens?