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Old 10-09-2008, 10:42 PM   #1
Merlyn
Avalon Senior Member
 
Join Date: Sep 2008
Location: Colorado,USA
Posts: 108
Question Stock Market Circuit Breakers Oct 10-24 ?

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The circuit breakers according to the stock exchange are as follows:

Level 1: 1,100 point(10%) drop in the DJIA before 2:00pm will halt trading for one hour - for 30 minutes if between 2:00-2:30pm - and have no effect if at 2:00pm or later unless there is a level 2 halt.

Level 2: 2,200 point(20%) drop in the DJIA before 1:00pm will halt trading for two hours - for one hour if between 1:00-2:00pm - and for the remainder of the day if at 2:00pm or later.

Level 3: 3,350 point(30%) drop will halt trading for the remainder of the day regardless of when the decline occurs.

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

We may see these circuit breakers as early as Friday Oct 10, 2008
and even more likely next week. The DOW could close semi-permanently
and if that happens the banks, insurance companies, others are in trouble.

Within a week we could start a MAJOR DEPRESSION.

The Russian Stock Market closed several times recently:

http://news.bbc.co.uk/2/hi/business/7624802.stm

http://news.yahoo.com/s/ap/20080918/...cial_crisis_10


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Last edited by Merlyn; 10-09-2008 at 11:02 PM.
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Old 10-09-2008, 11:00 PM   #2
Rocky_Shorz
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Join Date: Sep 2008
Location: USA
Posts: 1,098
Default Re: Stock Market Circuit Breakers Oct 10-24 ?

well that's good news, at least we know we'll survive through next week...

It'd be a shame if we were all locked up when old Ashtar shows up Tuesday to wave his magic wand and make everything all right...

Last edited by Rocky_Shorz; 10-09-2008 at 11:05 PM.
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