NYSE Circuit Breaker Levels (when they halt trading)

[MercutioATC]

This is a repost of Newsjock's earlier post.

http://www.nyse.com/press/circuit_breakers.html

Circuit Breaker Levels for Third Quarter 2008

In the event of a 1200-point decline in the DJIA (10 percent):
Before 2 p.m (EDT).: 1-hour halt
2-2:30 p.m.: 30-minute halt
After 2:30 p.m.: No halt

In the event of a 2400-point decline in the DJIA (20 percent):
Before 1 p.m.: 2-hour halt
1-2 p.m.: 1-hour halt
After 2 p.m.: Market closes

In the event of a 3600-point decline in the DJIA (30 percent), regardless of the time, market closes for the day.


Newsjock's original thread can be found here:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4001768

[cali]

1. thanks for re-posting that

helpful information.

[psychmommy]

2. where are we at now at approx 10 am

[MercutioATC]

3. Down 300 and holding

We're not even going to get close to tripping the first breaker.

[psychmommy]

4. well i guess that is good. thanks

your president is gonna speak to reassure the investors. he makes me feel reassured-not.

[MercutioATC]

5. I don't think we'll see a huge drop in any one day.

It's just going to be a prolonged bleed as the Lehman bankruptcy unwinds.

[quispquake]

6. Of course, with Bush speaking today...

It may certainly accelerate the free-fall...it usually does...

[MercutioATC]

7. Oooh! I'd forgotten that.

You're right. Bush could read the phone book, but if it's televised, the market drops.