JB,
Agree 100% on the trading curbs, based on my totally subjective opinion from watching the markets every day, without the trading halts today I think we may have fallen a little farther, but I think we would have come up into the close, which would have been important for tomorrow. As it is, IMHO there is pent up selling pressure. In addition, the 1st halt seemed to disrupt the flow of trades, never good.
Again my subjective observation, after the 350 halt the institutions didn't change their mind about IF thay wanted to sell, but they changed WHAT they wanted to sell. Some stocks that had held up pretty well sold off, other that had sold off came back a little, at least briefly.
There is a good reason why equities should be an open and free market with prices determined by buyers and sellers without artificial controls. Today was a good example.
Again MHO, but I think the feeling going into tomorrow I think is sell before they close the market, that feeling could increase after every halt.
John |
