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Lawyerkill
Posted: Wed Oct 22, 2008 2:31 pm
Guest
have we set a record for a one day loss?

Have they ever used the triggers to shut down the market?
BuffetHater
Posted: Wed Oct 22, 2008 4:51 pm
Guest
Quote:
Have they ever used the triggers to shut down the market?

The closure on 30% makes no sense even to a grumpy ole bear like
me. Shut it down for a couple of days in the event of a 16% plunge,
it usually amounts to margin clerk selloffs which favors only the
selling institutions.
Lubow
Posted: Wed Oct 22, 2008 7:01 pm
Guest
Check out:

http://www.nyse.com/press/circuit_breakers.html

"Lawyerkill" <Lawyerkill@aol.com> wrote in message
news:34e5a89f-dbfe-4b0a-9817-179640fe7d16@p58g2000hsb.googlegroups.com...
Quote:
have we set a record for a one day loss?

Have they ever used the triggers to shut down the market?
 
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