Stock Market Circuit Breakers Oct 10-24 ?

Merlyn · 10-09-2008, 10:42 PM

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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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10-09-2008, 10:42 PM	#1
Merlyn Avalon Senior Member Join Date: Sep 2008 Location: Colorado,USA Posts: 108	Stock Market Circuit Breakers Oct 10-24 ? = = 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 = = Last edited by Merlyn; 10-09-2008 at 11:02 PM.