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How Much Lower Does The S&P Have To Drop For The Entire Market To Be Shut Down
With the ES, along with all other index futures halted limit down, the next question is how much lower would cash indices have to drop before the market takes a holiday. Here is the answer courtesy of Bloomberg
Based on S&P 500 close 1970.89 on Fri. and Level 1 circuit-breaker trigger of 7% drop, S&P 500 would need to drop to ~1833 to set it off, rules posted on NYSE website say.
- Level 1 halt at 7% drop; Level 2 at 13% (S&P 500 at 1715 based on Fri. close), Level 3 at 20% (S&P 500 ~1577)
- Level 1 or Level 2 drop between 9:30am-3:25pm ET would result in trading halt for 15 minutes; Level 3 drop would halt trading for rest of day
- Level 1/Level 2 halts can occur only 1x/day
And now you know the bogeys for the day.
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The real market was shut down a long time ago.
Let's burn this mother fucker down.
Just do it to the other city.....I happen to live here.
Take the righteous reverend Al Sharpton with you.
Arrest all sellers and short-sellers. That's the new capitalism.
King Euro
Okay, everyone, vacation day!
CNBC headline: " Amid carnage, strategists predict bounce; 'go all in’"
First line of article: "After an earthshaking selloff Thursday and Friday, and despite early indications of another brutal day Monday, several market strategists are already calling for a bounce—and looking out for potential opportunities amid the wreckage."
You just can't make this stuff up.
-1000 points on open. Carnage!!! Going to be an interesting week fellas.
Like watching the DVD collection of Battlestar Gallectica!
MUST...
WATCH....
TO EVERY....
EPISODE!!!
Zero?
King Euro
Jim Kramer: "I quit the wrong day to quit snorting Coke"
Cramer is pimping hard!
All the bitches are gone.....so I don't know what he's pimping.
Carnage? Ho-hum. LONG nail guns. Short reason.
King Euro
Looks like we got within 2 but we are now off the lows so let the Henry Ramp commence.
The roof hatches will be unlocked at 10am.
King Euro
*poof* money is being created from your labor, given to idiots and traded between idiots.
*poof* money stops rolling in from overly fake, fixed markets that do not make sense.
*poof* the idiots take a "holiday" because thier portfolio created off of your back is "hurting"
Bank holiday, Bitchez!
Burn!!!!!!!!!!!!!!!!!
well, when the fix is in, why would it be crashing?
Maybe they fixed it so it would crash?
"just one more wafer thin mint" before the blooted pig blows!
"bloated" (oops)
you keep using that word (market) i do not think it means what you think it means [/inigo]
comment of the day!
trending up out of the open?!? is this ppt, muppets and/or other?
Control is so illusory. This is rapidly spinning out of control as panic goes viral.
It won't be shutdown, there will be a Glitch, starting in 30 minutes and lasting 4-5 hours until they can "reboot" the network.
what difference does it make?
The bond market would still be open.