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The rule was changed to 300 points down before making the phone call.
BR
At 11:46 AM 8/8/97 +0100, Trader Phil in Cupertino CA wrote:
>Interesting today how the dow hit down 200, CNBC announces
>NYSE Chairman Grasso is supposed to call Treasury Secretary
>Rubin "just to be in touch."
>
>At about 1315 ET the Dow, the S&P, and the bonds all hit
>bottom and reversed. Hmmmmm....
>
>What do you think is going on here?
>
>Phil
>
>
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