PBH / off topic: do your thing (active forums more▼ | ) / post

Wow.....look at these stops on the NYSE for the 4th quarter.......

NYSE Announces Fourth-Quarter 2008 Circuit-Breaker Levels

NEW YORK , September 30, 2008 -- The New York Stock Exchange will implement new circuit-breaker collar trigger levels for fourth-quarter 2008 effective Wednesday, October 1, 2008.
Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA).

In fourth-quarter 2008, the 10, 20 and 30-percent decline levels, respectively, in the DJIA will be as follows:

Level 1 Halt
A 1,100-point drop in the DJIA before 2 p.m. will halt trading for one hour; for 30 minutes if between 2 p.m. and 2:30 p.m.; and have no effect if at 2:30 p.m. or later unless there is a level 2 halt.

Level 2 Halt
A 2,200-point drop in the DJIA before 1:00 p.m. will halt trading for two hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for the remainder of the day if at 2:00 p.m. or later.

Level 3 Halt
A 3,350-point drop will halt trading for the remainder of the day regardless of when the decline occurs.

By gringoloid on Oct 5, 2008, 20:43 in Off Topic.

gringoloid says on Oct 5, 2008, 20:48:

I've never seen this level of pessimism before. could you imagine a 3350 point drop on the dow in one day?

they're preparing for something.

oh how i love the smell of put option contracts in the morning!

http://www.nyse.com/press/1222772891771.html

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Robert Jorge says on Oct 5, 2008, 20:55:

Gloid - call me or PM your number. I got minutes to burn up anyway on my calling card.

He who farts in church, sits in his own pew.

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sloopskipper says on Oct 6, 2008, 05:27:

OMG!

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Man Tequila says on Oct 6, 2008, 21:45:

I hope these don't come in handy soon.

Aunque no me creas/ si me lo propongo/ lograre olvidarte/ porque a fin de cuentas/ no soy tan cobarde./ Y termino todo una de estas tardes/ no sera dificil buscar algún sitio donde refugiarme/ donde nunca mas vuelvas a encontrarme. (Polo Montañez)

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