Thread: Money Investing megathread extravaganza
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Old 03-09-2020, 09:24 AM   #3928
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Quote:
Originally Posted by Buehler445 View Post
I’m not picking up what you’re throwing down here.
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.
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