Mostly: Classical

[Chary]

The New York Stock Exchange said it instituted trading limits after the New York Composite Index <.NYA> lost 160 points. The trading collars, which were created after the 1987 stock market crash, limit index arbitrage sell orders of S&P 500 stocks.
http://futures.fxstreet.com/Futures/news/afx/singleNew.asp?menu=economicnews&pv_noticia=MTFH4796....
The NYSE imposes limits on index-arbitrage sell orders on the Standard & Poor's 500 index <.SPX> when the NYSE Composite falls more than 160 points in a session. The collar will stay in place until the NYSE Composite recovers to within 80 points of the previous day's close, according to the NYSE Web site.
http://futures.fxstreet.com/Futures/news/afx/singleNew.asp?menu=economicnews&pv_noticia=MTFH7084....


This is a bummer as the selling climax was artifically halted vs an exhaustion of supply. I need ask around and see what others think and need to think about this some more myself.