NYSE sets Q3 circuit breakers, trading collars
<< Under the new circuit-breaker levels, a 1,050-point drop in the Dow Jones industrial average before 2 p.m. Eastern time will halt trading for one hour, the NYSE said. Trading will be halted 30 minutes if the Dow drops 1,050 points between 2 p.m. and 2:30 p.m. And if the drop occurs at 2:30 p.m. or later, trading won't be affected.
If the Dow drops 2,150 points before 1 p.m., trading will be halted for two hours. If the drop happens between 1 p.m. and 2 p.m., trading will be stopped for one hour, the exchange said. The NYSE said trading will be halted for the rest of the day if such a drop occurs at 2 p.m. or later.
A 3,200-point drop will halt trading for the rest of the day regardless of its timing, the NYSE said. >>
biz.yahoo.com
*****
<< On sidelines right now. Mostly in cash position. Concerned about Y2K impact on market.
Not me! >>
Hi Cheeky Kid,
They are getting ready for you now!
Inquiring minds want to know ... Will 'Cheeky Kid' become 'Cheeky Adult' or 'Humble Pie' after Y2K?
LOL
John |
