Aggiedad77: Frank you like things in threes…….three days you say the CBI will talk……what could they possibly have to say to the citizens…..to the GOI…..to the world…..and no less the IMF will be steering the ship (that was for you Frank….onboard the ship)…..
We know the IMF has taken to heart all that Iraq has been doing…..what is it though that we have been expecting for over a month……a new governor…..
The IMF of course would have to bless this person…..so perhaps this is the guidance they will give…..bringing in a new gov…..who can give the GOI a shove…..in just a way to show all the Iraqi people some love….
Oh there I go dreaming again…..IMO. Aloha Randy
Frank26 Video : https://youtu.be/_a68QtoPb-s
FrostyTheSnowman: Hats off to all NEWSHOUNDS!!!
Incredible news day!
Doodlebug: NYSE to implement new volatility procedures Monday
The New York Stock Exchange will implement changes Monday to its opening procedures as it seeks to speed up trading and make it more efficient even on volatile days.
The new procedures would eliminate “Rule 48,” which allows market makers to delay opening a stock when markets are volatile.
Under the changes, parameters governing NYSE and NYSE MKT pre-open price indications as well as those governing automated openings would be simplified and would adjust for market volatility, the NYSE said on Thursday.
All indications will now be published to both proprietary and other feeds under all market conditions, it said.
The U.S. Securities and Exchange Commission had approved the changes in early July.
The NYSE, a unit of Intercontinental Exchange Inc (ICE.N), had asked for the new rules after disorderly trading on Aug. 24, 2015, when there was a record intraday drop in the Dow Jones industrial average .DJI.
Unlike other exchanges, which are nearly fully automated, at the NYSE people on the trading floor open the stocks, a process the exchange says gives it greater stability because people can intervene in ways that trading algorithms cannot.
http://www.reuters.com/article/us-usa-stocks-nyse-idUSKCN11E326
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Doodlebug: The stock-market rout just drove the S&P 500, Dow below a key level
After weeks of virtual dormancy, a bona fide stock-market selloff took hold on Wall Street.
Both the S&P 500 index SPX, -2.45% and the Dow Jones Industrial Average DJIA, -2.13% plunged below their 50-day moving averages, precipitated by a rout in equities and government bonds on intensifying fears that the Federal Reserve could finally pull the trigger on raising rates after a nearly 10-month hiatus.
Stocks have benefited from lower borrowing costs and have jolted lower because of the potential that the Fed’s easy-money punch bowl might be emptied.
Market technicians view so-called moving averages, like the 50-day and 200-day, as dividing lines between significant uptrends and downtrends in a security.
“Looks like the S&P 500 finally breaking down after slicing right through the 50-day moving average,” wrote technical analyst Mark Arbeter of Arbeter Investments on Friday as the stock slide was in full swing.
In an earlier note mentioned in MarketWatch column Need to Know, Arbeter wrote that a rotation by investors into the S&P 500’s various sectors has kept the market trading in a narrow range for the better part of a month a half. But that dynamic broke down on Friday as all 10 sectors of the S&P 500, led by a roughly 3% rout in rate-sensitive sectors like telecommunications and utilities, marched lower.
Friday’s steep selloff suggests that the market isn’t entirely prepared for a September rate increase when the Federal Reserve convenes for its two-day policy meeting Sept. 20-21.
And that could add to the slide and to volatility VIX, +39.89% in the coming days.
For Arbeter’s part, his research note suggested that he was planning on buying assets as they fell in value.
http://www.marketwatch.com/story/the-stock-market-rout-just-drove-sp-500-dow-below-a-key-level-2016-09-09
