General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOn another board somebody posted the circuit breakers tripped.
Is that true?
Is that even possible in the futures market?
Wounded Bear
(58,440 posts)DemocratSinceBirth
(99,705 posts)NutmegYankee
(16,178 posts)Lesson learned from past events.
NutmegYankee
(16,178 posts)Obviously on futures. The stop prevent future trades from going any lower.
customerserviceguy
(25,183 posts)The ultimate in pure gambling.
All that crap I learned about the stock market in the eighth grade (1970) talked about capital formation, how the strength of the economy is from investors, etc, bullshit.
So very, very much of what goes on in the markets is nothing but legalized, tax-deductible gambling. A transaction tax may not slow it down, but at least the Treasury would get something from it, one of the socialists' few really good ideas.
Leghorn21
(13,520 posts)Futures on the S&P 500 were halted Sunday night after they declined 5%. So-called circuit-breaker levels are the thresholds at which exchanges halt or close marketwide trading due to extreme declines. These levels are calculated daily, based on the previous days close in the S&P 500.
As the wild swings on Wall Street continue, here are the levels to watch for further trading curbs when U.S. markets open Monday.
https://www.barrons.com/articles/is-the-stock-market-crashing-heres-when-s-p-500-circuit-breakers-kick-in-51583717721
A HERETIC I AM
(24,321 posts)uponit7771
(90,225 posts)CincyDem
(6,283 posts)It can come up if buyers are willing to lift the offer. Unlikely. There are about 2600 contracts for sale with 33 contracts on the buy side.
It will lock down here until 930 est at which time it can run to 2780 where it will limit down for 30 minutes unless buyers step in.
Dont hold your breath for it.