Thread: Money Investing megathread extravaganza
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Old 03-09-2020, 09:38 AM   #3932
Buehler445 Buehler445 is offline
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Join Date: Apr 2007
Location: Scott City KS
Casino cash: $2354734
Quote:
Originally Posted by Fat Elvis View Post
Trading was halted for 15 minutes to (ideally) slow down the selling. The first circuit breaker was tripped when the S&P 500 dropped 7% right after the open.

The next circuit breaker occurs if markets drop 13% (if I remember correctly); if markets drop 20% in a day, trading is suspended for the remainder of the day. Part of the reason for the circuit breakers is to prevent flash crashes from computerized algorithmic trading.
Ah. On the commodities there are daily limits that double every day. Which sucks ASS if it is limited and you’re sitting on a position you really need out of. I’m sure this is no different.
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