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Thread: CRASH!

  1. #1

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    Default CRASH!

    NYSE Will Suspend Stock Trading If S&P 500 Index Plunges 7%

    http://www.bloomberg.com/news/articles/2015-08-24/nyse-will-suspend-stock-trading-if-s-p-500-index-plunges-7-




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  3. #2

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    Default Re: CRASH!

    I hope one of the market experts will explain. What's the reasoning behind suspending trading for short periods at the specified benchmarks they stated? I would (strictly) guess that it's an attempt to avert a free fall. ??????????????

    Is this a normal strategy that's been executed before?

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  5. #3

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    Default Re: CRASH!

    Quote Originally Posted by RazorCat View Post
    I hope one of the market experts will explain. What's the reasoning behind suspending trading for short periods at the specified benchmarks they stated? I would (strictly) guess that it's an attempt to avert a free fall. ??????????????

    Is this a normal strategy that's been executed before?
    Happens from time to time. I'm no expert, so I'll leave you with these links:

    https://en.wikipedia.org/wiki/Trading_curb

    http://www.cnbc.com/id/44059883
    Last edited by userque; 08-24-2015 at 09:19 AM. Reason: added cnbc link
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  7. #4

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    Default Re: CRASH!

    Thanks for the links userque.
    I honestly can't say I've ever paid attention when this may have happened in the past.

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  9. #5

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    Default Re: CRASH!

    In my experience-

    When people start using the word "crash", it most often signals one heck of a great buying opportunity.

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  11. #6

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    Default Re: CRASH!

    That's standard procedure for the NYSE!
    Do ya think the PPT will jump in on this one and lighten the load, I do!



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  13. #7

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    Default Re: CRASH!

    Quote Originally Posted by RazorCat View Post
    Thanks for the links userque.
    I honestly can't say I've ever paid attention when this may have happened in the past.
    You're welcome...sounds like either you've got more skin in the game this time; or you're paying more attention.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  15. #8

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    Default Re: CRASH!

    Quote Originally Posted by nnuut View Post
    That's standard procedure for the NYSE!
    Do ya think the PPT will jump in on this one and lighten the load, I do!
    Me too.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  17. #9

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    Default Re: CRASH!

    Just to show you how ridiculous this is- take a look at what "The Donald" just tweeted:



    "Markets are crashing - all caused by poor planning and allowing China and Asia to dictate the agenda. This could get very messy! Vote Trump.
    — Donald J. Trump (@realDonaldTrump) August 24, 2015 "




    Yeh. right.


    OK Donald- thanks for the heads up.


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  19. #10

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    Default Re: CRASH!

    Quote Originally Posted by James48843 View Post
    Just to show you how ridiculous this is- take a look at what "The Donald" just tweeted:





    Yeh. right.


    OK Donald- thanks for the heads up. [/FONT][/COLOR]

    I wonder what Deez Nuts thinks about this market.

    https://en.wikipedia.org/wiki/Deez_Nuts_(candidate)
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  21. #11

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    Quote Originally Posted by James48843 View Post
    In my experience-

    When people start using the word "crash", it most often signals one heck of a great buying opportunity.
    That's what I keep leaning towards. There is a lot of fear across the globe right now and rightfully so. US stocks are at the end of a line of dominoes reacting to European markets but once things lighten up abroad I think investors will regain some confidence and we'll see a good bounce. But at this point that's a coin flip.
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  23. #12

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    Default Re: CRASH!

    Quote Originally Posted by TommyIV View Post
    That's what I keep leaning towards. There is a lot of fear across the globe right now and rightfully so. US stocks are at the end of a line of dominoes reacting to European markets but once things lighten up abroad I think investors will regain some confidence and we'll see a good bounce. But at this point that's a coin flip.
    There's a big change of fear right there:
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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