Hang ten.
Totally tubular.
Curbs in, curbs out.
They might all sound like surfer lingo, but the third phrase is market slang for when financial exchanges break the glass to stop a short-term trading crisis. "Curbs" are circuit breakers, defined as restrictions on trading stocks, commodities, or even on the entire market when prices fall by a certain amount.
When investors say, "curbs in," it means that the circuit breakers are in effect. Trading is suspended or halted for a period.
Circuit breakers exist on exchanges all around the world. The New York Stocks Exchange introduced its own set of curbs shortly after Black Monday in 1987. The SEC has set Curb rules under Rule 80B of its code.
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aka the 34 Act made it formally illegal to use inside information in trading
stocks amazingly that used to not be illegal or at least not explicitly so [People gambling]
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and the boys took care of the boys well since people could make a lot of
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well who's gonna know that I overheard the CEO of big company talking about a
merger in a Denny's washroom you know some folks pretty much ignored
the law well the 1988 law was basically Congress saying you guys were really [Congressman discussing the 1988 law]
serious about this so this new legislation added some hefty penalties
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information though and they still get caught and they go to jail and they lose [Jail door closes on man]
everything they have so he's got to realize some of us were just born to be
bad...
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