Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

At what point does the fail safe wall go up with the market??

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 01:39 PM
Original message
At what point does the fail safe wall go up with the market??
Isn't there a point where they stop trading to keep it out of a free fall??
Printer Friendly | Permalink |  | Top
kypp Donating Member (179 posts) Send PM | Profile | Ignore Mon Oct-06-08 01:41 PM
Response to Original message
1. I think at 10% drop, it closes for an hour.
Printer Friendly | Permalink |  | Top
 
Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 01:41 PM
Response to Reply #1
2. Okay,,, I was wondering.. so a couple hundred more points and it stops
Printer Friendly | Permalink |  | Top
 
MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 01:42 PM
Response to Original message
3. It would have to drop 2200 to halt today (look here)
http://www.nyse.com/press/circuit_breakers.html
Printer Friendly | Permalink |  | Top
 
Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 01:45 PM
Response to Reply #3
4. Thank you, that answered all my questions..I did not know they had a 10, 20 and 30% drop stop
Printer Friendly | Permalink |  | Top
 
MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 01:46 PM
Response to Reply #4
5. Yeah, a lot of people are confused about that...
...and it regulates by time of day, too
Printer Friendly | Permalink |  | Top
 
MadMaddie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 01:51 PM
Response to Original message
6.  Does it still exist? The Republicans have dismantled most if
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.)
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed May 01st 2024, 06:35 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC