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jra2

09/01/04 3:07 PM

#290557 RE: Zeev Hed #290551

They would not do that(g) ! Good trade on ERTS earlier .CCMP having a hard time breaking that 34.50 area .
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mudcat

09/01/04 3:21 PM

#290571 RE: Zeev Hed #290551

long klac 37.97
cat
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otraque

09/01/04 4:40 PM

#290616 RE: Zeev Hed #290551

This pepper spray incident shows how if anything significant actually did happen the market sells off in mass hysteria.
Last market was shutdown because of location and damage to trading system.
Last i knew per regular controls market halts on DJX losing 10%.
One, is DJX the only index with its' 10% loss rule, that can halt market under NORMAL conditions?
What if something significantly beyond a pepper spray prank were to happen, but not in WallStreet zone, does government have in place laws that can immediately halt market??
Because if the law is not out there giving the nature of bureucracy, DJX will be down 10% within 30minutes in my opinion.
My memory may be kaput here but i remember reading once somewhere sometime in i know not what:) that the Market was closed like 1 to 2 years during WWI.
The fact that market was closed 6 trading days starting 9/11 gave Fed time to set up to protect from a super crash, their primary weapon was giving Funds a blank check so they could re-imburse sellers with cash they didn't have and thus they didn't need to sell stock to cover payout to the selling.
As i remember the blank check, which amounted to a no interest loan, came to 100billion dollars--i have oft wondered if government got paid back.