so when do they shut down to stop the bleeding?
- Thread starter MadJack
- Start date
The market is going to hit 6-7K if something doesn't get done and quick!! It's already below 8K, the dow.
kneifl
kneifl
I am scared to pull the trigger on WB. Its jumping around...
I almost bought at 4.17 after a dip, but was worried it would keep tanking... its at 4.7 now....
I will probably stay on the sidelines.
I almost bought at 4.17 after a dip, but was worried it would keep tanking... its at 4.7 now....
I will probably stay on the sidelines.
Its extremely volatile right now.
Big rebound after it briefly dipped under 8k.
This should be a wild day.....
Big rebound after it briefly dipped under 8k.
This should be a wild day.....
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
The GOOD ones are.
The market reacted very positively to the sell-off this morning.
All of my orders just executed to be all in at this point. I think I have $60 in cash left combined in both of my trading accounts. :142smilie
The GOOD ones are.
The market reacted very positively to the sell-off this morning.
All of my orders just executed to be all in at this point. I think I have $60 in cash left combined in both of my trading accounts. :142smilie
I was too skiddish to jump on wachovia this morning... I don't know if buying it at 5 is a good play or not. It is very jumpy
The GOOD ones are.
The market reacted very positively to the sell-off this morning.
All of my orders just executed to be all in at this point. I think I have $60 in cash left combined in both of my trading accounts. :142smilie
thats's just what my house is worth now!
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
I'm not sure if mine's worth that much because it's only worth what someone is willing to pay.
What percentage loss does it take for them to shut it down?
I know its happened before.
What it would take to trigger stock market timeout?
NEW YORK (AP) ? As harrowing as the stock market's plunges have been in recent days, they still haven't been enough to trigger the "circuit breaker" mechanisms that result in an automatic timeout in trading.
The Big Board implemented the automatic halts after the stock market crashed in the late 1980s to force traders to take a break from frenzied selling.
The Dow Jones industrial average would have to fall 1,100 points in a day to trigger the first halt. If that point is reached before 2 p.m., the market would shut down for an hour. If the threshold is breached between 2 p.m. and 2:30 p.m., the halt will last 30 minutes. No trading stops will take place if the plunge occurs after 2:30 p.m.
Based on Thursday's Dow close of 8,579, the threshhold number to cause the market stop in one day would be 7,479.
If the index were to fall 2,200 points before 1 p.m., the market would close for two hours. If such a decline took place between 1 p.m. and 2 p.m., there would be a one-hour pause. The market would close for the day if stocks sank to that level after 2 p.m.
In the event of a 3,350-point decline, the market would close for the day, regardless of the time.
The thresholds are computed at the beginning of each quarter to establish a specific point value for the quarter. The 1,100-point drop represented a 10 percent decline at that time; the 2,200 level, a 20 percent drop and the 3,350 level is a 30 percent drop.
The rules would halt trading on the major securities and futures exchanges in a coordinated cross-market halt if the circuit breaker is enacted.
NEW YORK (AP) ? As harrowing as the stock market's plunges have been in recent days, they still haven't been enough to trigger the "circuit breaker" mechanisms that result in an automatic timeout in trading.
The Big Board implemented the automatic halts after the stock market crashed in the late 1980s to force traders to take a break from frenzied selling.
The Dow Jones industrial average would have to fall 1,100 points in a day to trigger the first halt. If that point is reached before 2 p.m., the market would shut down for an hour. If the threshold is breached between 2 p.m. and 2:30 p.m., the halt will last 30 minutes. No trading stops will take place if the plunge occurs after 2:30 p.m.
Based on Thursday's Dow close of 8,579, the threshhold number to cause the market stop in one day would be 7,479.
If the index were to fall 2,200 points before 1 p.m., the market would close for two hours. If such a decline took place between 1 p.m. and 2 p.m., there would be a one-hour pause. The market would close for the day if stocks sank to that level after 2 p.m.
In the event of a 3,350-point decline, the market would close for the day, regardless of the time.
The thresholds are computed at the beginning of each quarter to establish a specific point value for the quarter. The 1,100-point drop represented a 10 percent decline at that time; the 2,200 level, a 20 percent drop and the 3,350 level is a 30 percent drop.
The rules would halt trading on the major securities and futures exchanges in a coordinated cross-market halt if the circuit breaker is enacted.
getcha`gub`ment cheese.right` chere...:director:
getcha gub`ment cheese!!
i`m not suggesting this....and i`m not extremely knowledgable on the subject,but a friend of mine took his 401 and put it into gold...he doean`t think it will blast off, however,he says it will still be worth something when this all settles out.....when the time is right he says he`ll buy mutuals that are bargains and hopefully weather the storm.....
nobody knows if or who is really making money off this whole thing - however,this friend told me that since he moved to "gld" (the "etf "that is a bullion holder) he gained %8 on the total.....
was he pulling my chain?...i doubt it...he`s a pretty straight shooter...
takes balls...i`d be afraid to move or breathe right now.....
glad i stayed out of the stock market...
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