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One bright spot... the first market stop level suspends trading for one hour. Since it is after 3PM

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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 02:23 PM
Original message
One bright spot... the first market stop level suspends trading for one hour. Since it is after 3PM
Edited on Mon Sep-29-08 02:30 PM by Kurt_and_Hunter
One bright spot... the first market stop level suspends trading for one hour.

Since it is after 3PM the first stop level would halt trading for the day if people make a run for the exits in the last half hour.

So the NYSE average can only drop 10% today.

What a silver lining!!! <sarcasm, of course>
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davepc Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 02:24 PM
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1. The lowest we got was down 6% and it needs to drop 10% for trading to be suspended
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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 02:26 PM
Response to Reply #1
2. It's the NYSE index they use. Don't know where that is. NASDAQ is down 7%
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