Trading Halts

[tekisui]

1. Before 2:00 pm Eastern Time, the halt for a 10% decline will be one hour. At or after 2:00 pm but before 2:30 pm, the halt will be for one-half hour. If the 10% trigger value is reached at or after 2:30 pm, the market will not halt at the 10% level and will continue trading.

2. The halt for a 20% decline will be two hours if triggered before 1:00 pm. At or after 1:00 pm, but before 2:00 pm, the halt will be for one hour. If the 20% decline occurs at or after 2:00 pm, trading will halt for the remainder of the day.

3. If the market declines by 30% at any time, trading will be halted for the remainder of the day.

http://www.ici.org/issues/mrkt/arc-finra/98_nyse_circuit_approve.html


Europe and Asian Markets were down 6% to 10% today.

[tekisui]

1. Kick for market opening.

[peekaloo]

2. I watched the BBC News this a.m. and their anchors all had this frozen look

on their faces while reporting on the European markets.

shit

[RB TexLa]

3. Artificial and wrong, they don't have halts if it's up 10% do they?

[tekisui]

5. Those are the SEC rules.

[RB TexLa]

7. Yes.

[Barack_America]

4. Prediction: We'll halt within the hour. We're already down 600 points.

Make that nearly 700.

Freefall.

[OhioChick]

6. -499 n/t

[Barack_America]

8. Thank God. -700 in 7 minutes was pretty freaking scary.

:scared:

[OhioChick]

10. It's only the beginning of the day, though. n/t

[FedUpWithIt All]

9. Are we halted? yahoo saying we are at -1045. n/t

[OhioChick]

11. No... -260 n/t

[FedUpWithIt All]

12. I'm confused...

http://finance.yahoo.com/

[WeDidIt]

14. Yahoo is including yesterday's -678

It's screwed up and it's freaking people out.

[FedUpWithIt All]

15. I see. Thank you. n/t

[TornadoTN]

13. Something weird with Yahoo - the numbers are at -1000+

It's supposedly in real time - each site I go to has a different number, but Yahoo is by far the biggest dip into the negative.