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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSimple question - is that 2,000 drop the bigliest in modern history?
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Simple question - is that 2,000 drop the bigliest in modern history? (Original Post)
malaise
Mar 2020
OP
beachbumbob
(9,263 posts)1. not as a percentage of drop, nope not close.
bearsfootball516
(6,369 posts)2. We'll have to see where it finishes.
Its worked back to 1600 right now.
Wounded Bear
(58,440 posts)3. I doubt it...
Depends on what you mean by "modern history" of course, but I think the 'circuit breakers' were set up to stop trading because of shit like this. I forget when it was, though.
dewsgirl
(14,961 posts)4. Can they do it again, say in the same day? Hour?
Wounded Bear
(58,440 posts)5. Yes...
in fact I just heard a commenter on MSNBC say that if it hits 20% they'll shut it down for the day.
dewsgirl
(14,961 posts)6. Thank you, I had no idea.
Wounded Bear
(58,440 posts)7. There is a lot of automatic shit going on behind the scenes...
so when things shift, trades get triggered automatically. As you can imagine, this can lead to some catastrophic swings as things gain momentum.
That's why they put in the automatic brakes on the system.
dewsgirl
(14,961 posts)8. Thank you.
CountAllVotes
(20,854 posts)9. It is the largest number I've ever seen
and I've seen the economy crash 5X in my life!
Stay the fuck away from the thieves at Wall Street!
FAR AWAY!!!
LAS14
(13,749 posts)10. They shouldn't even report numbers, just percentages. nt
lagomorph777
(30,613 posts)11. But where's the excitement in percentages? That won't juice the ratings!