The circuit breakers"are designed to slow trading down for a few minutes, to give investors the ability to understand what's happening in the market, consume the information and make decisions based on market conditions," New York Stock Exchange President Stacey Cunningham"It's really a precautionary measure that we put in place so that the market can slow down for a minute," she said.of Oct. 19, 1987, when the Dow plunged 508 points, or 22%.
"There was this idea that if you stopped trading and gave a pause, then people would calm down and it might stabilize the markets," said Mason Gerety, professor emeritus at Northern Arizona University and a former research economist at the Securities and Exchange Commission.His research in the early 1990s found a trade-off to the temporary halt. Traders might sell off more quickly if they anticipate a circuit breaker kicking in.
"The fact that there's a circuit breaker might actually be more likely to get you to the circuit breaker. It's kind of almost like a gravitational pull," Gerety said. "People who do this for a living — I've never met one who felt like they needed to catch their breath," he said."They have good lungs. They are used to stress."
Question: Even if there is a halt put on trading, wouldn't there still be an effect on the market that will just be pushed until the next trading day? You can't ultimately negate the negative impacts.
trumpbubble
JustSaying
This thing is going to blow over pretty quickly, and there will be bargains to be had stockmarketcrash
It’s good to know that when Wall Street needs to do some damage control, National Public Radio will do their bidding.
What a fragile system.
Cheap oil though. 🚗
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news live: Oil crashes, stock futures crater on coronavirus, crude war fearsThe world’s faltering effort to contain the coronavirus outbreak hammered stock and oil futures on Sunday, which indicated a sharply lower open on Wall Street. Yes, our wonderful Saudi Friends. Also good at killing Yemen Civilians
Source: YahooNews - 🏆 380. / 59 Read more »
Cramer: Monday's stock market close could usher in the end of the longest bull market ever'I think that that's certainly a realistic thing,' CNBC's Jim Cramer said. Red Queens worshipping Lucifer plotting genocide More irresponsible posting by Chrome Dome Cramer.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Stocks post major losses, Dow's worst point loss ever, Oil tanks 24%Stocks got hit hard today, as the sell-off temporarily halted trading earlier today. Every index closed more than 7% down, with the Dow dropping more than 2,000 points. JE VOUS DEMANDE PARTAGER CET AUDIO SUR LA CRISE SANITAIRE/ECONOMIQUE JE RÉSUME TOUT EN 25 MINUTES AUDIO MICHAEL DEBREDA ------ 'CRASH 2020, GAME OVER' Yup. You guys love the negativity. How about something positive. Anything Mini Black Monday
Source: CNBC - 🏆 12. / 72 Read more »
Stock Market Bloodbath: S&P, Dow Down More Than 7% In Worst Drop Since 2008A surprise price war between oil producers Saudi Arabia and Russia, compounded by intense investor anxiety over the continued spread of the coronavirus—triggered massive market losses today by theothersarahh theothersarahh Surprise price war theothersarahh Don't forget Big Oil's big debt. Its day is done. theothersarahh It's time to slowly take 6 deep breathes and slowly exhale each breath .
Source: Forbes - 🏆 394. / 53 Read more »
Stock market live Monday: Stocks post major losses, Dow's worst point drop ever, Oil tanks 24%Why did bank stocks plunge so low today? It has to do with what yields are doing. WilfredFrost breaks it down. WilfredFrost 🤣🤣🤣🤣🤣🤣🤣😂😂🤑🤑, they going to need us Bail them out Again ? WilfredFrost What an effing joke. The oil market and all other sectors is symptoms of this coronavirus, but mostly about failed leadership. The raids on TP (etc) proves the point. You guys pollute the info market while you take as many gains as you can between the dips. Go to hell. Thoughts and prayers elonmusk
Source: CNBC - 🏆 12. / 72 Read more »
5 things to know before the stock market opens MondayU.S. stock futures were pointing to plunge for the Dow at Monday's open as oil prices and bond yields were collapsing. Sell your entire portfolio 'I HAVE NO PLAN FOR THE VIRUS! I HAVE NO PLAN FOR THE MARKETS!' I DON'T KNOW WHAT IM SAYING OR DOING! 6 trump administration can’t be trusted
Source: CNBC - 🏆 12. / 72 Read more »