At what point does the fail safe wall go up with the market??
Peacetrain
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Mon Oct-06-08 01:39 PM
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At what point does the fail safe wall go up with the market?? |
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Isn't there a point where they stop trading to keep it out of a free fall??
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kypp
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Mon Oct-06-08 01:41 PM
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1. I think at 10% drop, it closes for an hour. |
Peacetrain
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Mon Oct-06-08 01:41 PM
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2. Okay,,, I was wondering.. so a couple hundred more points and it stops |
MercutioATC
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Mon Oct-06-08 01:42 PM
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3. It would have to drop 2200 to halt today (look here) |
Peacetrain
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Mon Oct-06-08 01:45 PM
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4. Thank you, that answered all my questions..I did not know they had a 10, 20 and 30% drop stop |
MercutioATC
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Mon Oct-06-08 01:46 PM
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5. Yeah, a lot of people are confused about that... |
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...and it regulates by time of day, too
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MadMaddie
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Mon Oct-06-08 01:51 PM
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6. Does it still exist? The Republicans have dismantled most if |
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not all safety nets introduced after the 1930's. The Republicans wanted the market to run itself and their prayers have been answered!!
(I don't want to see country financial markets fail but we need to lay the burdon of responsibility on the Republicans, the Dems as usual will have to clean up the mess.)
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