Rule 48: the arcane NYSE rule to tame a wild market

Rule 48: the arcane NYSE rule to tame a wild market: "Rule 48 was invoked a few times in recent years, including on Tuesday, January 22, 2008 and on Thursday, May 20, 2010. In 2008, the stock markets were subject to great volatility over fears of a global recession and in 2010, the European debt crisis caused panic buying and selling. The rule was also invoked during the August-September 2011 time frame, when European debt crisis fears and U.S. government shutdown debate again roiled the markets, and in early 2015, when massive snowstorms swept across the U.S. "



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